DBRS Morningstar Confirms BlueShore Financial’s Long-Term Issuer Rating of BBB (high)
VANCOUVER, BC – June 21, 2021 – DBRS Morningstar has assigned BlueShore Financial Credit Union a Long-Term Issuer Rating of BBB (high) and a Short-Term Issuer Rating of R-1 (low). The trend on all ratings is Stable. The rating reflects BlueShore Financial’s strong franchise position, asset quality, risk profile and prudent levels of liquidity and capital.
As a globally recognized credit rating agency, DBRS Morningstar has vast financial industry knowledge, specifically on the Canadian financial system.
“To have our strong business strategy and financial stability recognized by DBRS is further validation that BlueShore remains on the right track. In a year of global disruption, BlueShore has remained steadfast in our commitment to our clients, staff and organization. We are pleased by this positive credit rating,” said Chris Catliff, President and CEO, BlueShore Financial. “We look ahead to the future with drive and optimism as BlueShore continues on its growth trajectory and digital transformation journey to support the client experience.”
For further details on the credit rating, visit DBRS Morningstar’s website at dbrsmorningstar.com.
BlueShore Financial manages over $6.5 billion in Assets under Administration and serves 40,000 clients in B.C. across the Lower Mainland and Sea-to-Sky Corridor.