BlueShore Financial Credit Union: Rating Report

On May 16, 2019, DBRS Limited (DBRS) confirmed BlueShore Financial’s Long-Term Issuer Rating at BBB (high) and Short-Term Issuer Rating at R-1 (low). All trends are Stable. BlueShore Financial’s Support Assessment remains at SA2, reflecting the expectation of timely systemic external support from the Province of British Columbia (B.C. or 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. This implicit support is factored into the Credit Union’s short-term ratings.