Equitable Group Inc. and Equitable Bank: Rating Report
On June 4, 2021, DBRS Limited (DBRS Morningstar) confirmed Equitable Bank’s (the Bank) long-term ratings, including its Long-Term Issuer Rating, at BBB and confirmed the Bank’s Subordinated Debt rating at BBB (low). DBRS Morningstar also confirmed the long-term ratings of the Bank’s parent company, Equitable Group Inc. (together with the Bank, Equitable or the Group), at BBB (low). Additionally, DBRS Morningstar changed the trends on all ratings to Stable from Negative. The Bank’s Intrinsic Assessment (IA) is BBB, while its Support Assessment (SA) is SA1. The Group’s SA is SA3, and its Long-Term Issuer Rating is positioned one notch below the Bank’s IA.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.