BlueShore Financial Credit Union: Rating ReportBanking Organizations
On June 16, 2021, DBRS Morningstar changed the trend on BlueShore Financial's ratings to Stable from Negative and confirmed its Long-Term Issuer Rating at BBB (high) and Short-Term Issuer Rating and Short-Term Instruments rating at R-1 (low). BlueShore Financial’s Support Assessment is SA2, reflecting the expectation of timely systemic external support from the Province of British Columbia (B.C. or the Province; rated AA (high) with a Stable trend by DBRS Morningstar) through Central 1 Credit Union (Central 1; rated A (high) with a Negative trend by DBRS Morningstar), particularly in the form of liquidity. The SA2 designation does not result in any uplift to the ratings.