Innovation Credit Union: Rating Report
On April 17, 2023, DBRS Morningstar confirmed Innovation's Short-Term Issuer Rating and Short-Term Instruments rating at R-1 (low) with Stable trends. Innovation’s Support Assessment (SA) is SA2, which reflects DBRS Morningstar’s expectation of timely systemic external support from Saskatchewan through Credit Union Central of Saskatchewan (SaskCentral; rated R-1 (low) with a Stable trend by DBRS Morningstar), particularly in the form of liquidity. At present, the SA2 designation does not result in any uplift for Innovation’s Short-Term Instruments rating.
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.
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