EQB Inc. and Equitable Bank: Rating Report
On November 28, 2022, DBRS Morningstar upgraded the ratings of EQB Inc., including its Long-Term Issuer Rating, to BBB from BBB (low). At the same time, DBRS Morningstar upgraded the ratings of EQB Inc.’s primary operating subsidiary, Equitable Bank and Concentra, including their Long-Term Issuer Ratings, to BBB (high) from BBB. The trends on all ratings are now Stable.
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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