Home Capital Group Inc.: Rating Report
On March 25, 2022, DBRS Limited (DBRS Morningstar) upgraded the long-term ratings of Home Capital Group Inc. (HCG or the Group) to BBB (low) from BB (high) and upgraded the Group’s short-term ratings to R-2 (middle) from R-3. DBRS Morningstar also upgraded the long-term ratings of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), to BBB from BBB (low) and upgraded the Trust Company’s short-term ratings to R-2 (high) from R-2 (middle). Additionally, DBRS Morningstar changed the trends on all ratings to Positive from Stable.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.
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