BlueShore Financial Credit Union: Rating Report
On June 16, 2021, DBRS Morningstar changed the trend on BlueShore Financial's ratings to Stable from Negative and confirmed its Long-Term Issuer Rating at BBB (high) and Short-Term Issuer Rating and Short-Term Instruments rating at R-1 (low). BlueShore Financial’s Support Assessment is SA2, reflecting the expectation of timely systemic external support from the Province of British Columbia (B.C. or the Province; rated AA (high) with a Stable trend by DBRS Morningstar) through Central 1 Credit Union (Central 1; rated A (high) with a Negative trend by DBRS Morningstar), particularly in the form of liquidity. The SA2 designation does not result in any uplift to the ratings.
DBRS Morningstar is a global credit ratings business with 700 employees in eight offices globally. DBRS and Morningstar Credit Ratings are committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry.
Together, we are the world’s fourth largest credit ratings agency and a market leader in Canada, the U.S. and Europe in multiple asset classes. We rate more than 2,600 issuers and 54,000 securities worldwide and are driven to bring more clarity, diversity and responsiveness to the ratings process. Our approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. For more details visit us at dbrs.com.
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