Credit Union Central Alberta Limited: Rating Report

On April 20, 2018, DBRS Limited (DBRS) confirmed the ratings of Credit Union Central Alberta Limited (Alberta Central or the Credit Union), including Alberta Central’s Issuer Rating of “A” and its Short-Term Instruments rating of R-1 (low). The ratings reflect the Intrinsic Assessment (IA) of A (low) DBRS has assigned to the Alberta credit union system (the System). The trends remain Stable. Under DBRS’s support assessment criteria, Alberta Central is assessed as SA2. This reflects expectation of timely systemic external support from the provincial government, resulting in a one-notch uplift from the IA of Alberta Central of A (low), resulting in a final rating of “A.”