Report
Maria Khoury ...
  • Michael Driscoll

Home Capital Group Inc.: Rating Report

On March 24, 2023, DBRS Limited (DBRS Morningstar) confirmed the Long-Term Issuer Rating and Long-Term Senior Debt rating of Home Capital Group Inc. (HCG or the Group) at BBB (low) and the Group’s Short-Term Issuer Rating and Short-Term Instruments rating at R-2 (middle). DBRS Morningstar also confirmed the Long-Term Issuer Rating and Long-Term Deposits rating of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), at BBB and the Trust Company’s Short-Term Issuer Rating and Short-Term Instruments rating at R-2 (high). The trends on all ratings remain Positive.
Underlyings
Home Capital Group Inc.

Home Capital Group is a holding company that operates primarily through its principal subsidiary, Home Trust Company, which provides insured and uninsured deposits, residential and non-residential commercial mortgage lending and consumer lending. Co. also conducts business through its wholly owned subsidiary, CFF Bank, a Canadian retail bank. Co.'s subsidiary, Payment Services Interactive Gateway Inc. (PSiGate) provides payment card services. Licensed to conduct business across Canada, Home Trust has offices in Ontario, Alberta, British Columbia, Nova Scotia, Quebec and Manitoba.

Provider
DBRS Morningstar
DBRS Morningstar

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.

Analysts
Maria Khoury

Michael Driscoll

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