VANCOUVER, BC – May 21, 2019 – DBRS Limited (DBRS) has once again 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.
“We are pleased that DBRS, a well-established third-party credit rating agency, has recognized BlueShore’s strong business strategy, exceptional quality of service and financial stability through its positive credit rating,” said Chris Catliff, President and CEO, BlueShore Financial. “We are committed to continuing our trajectory of growth and evolution while providing an unparalleled client experience.”
Additionally, DBRS has assigned BlueShore Financial a Support Assessment (SA) at SA2. This reflects DBRS’ expectation of timely systemic external support from the Province of British Columbia (the Province; rated AA (high)/R-1 (high) with Stable trends by DBRS) through Central 1 Credit Union (Central 1; rated A (high)/R-1 (middle) with Stable trends by DBRS), particularly in the form of liquidity.
The ratings reflect BlueShore Financial’s strong franchise position, asset quality, liquidity and capitalization.
BlueShore Financial manages over $5.7 billion in Assets under Administration and serves 40,000 clients in B.C. across the Lower Mainland and Sea-to-Sky Corridor.
About BlueShore Financial
BlueShore Financial is a boutique financial institution providing a full range of personal and business banking, wealth management, insurance and commercial lending solutions. With a branch network located across the Lower Mainland and Sea-to-Sky Corridor, BlueShore Financial helps clients achieve financial wellness® through personalized solutions and expert advice, delivered in a unique Financial Spa® branch environment. BlueShore Financial manages over $6.5 billion in Assets Under Administration and is consistently ranked among the top 20 financial planning firms in Metro Vancouver.
BlueShore Financial is an Imagine Canada Caring Company, contributing at least 1% of pre-tax profits annually to charities and not-for-profit organizations within the communities it serves. BlueShore Financial is the operating name of BlueShore Financial Credit Union.