Innovation Credit Union: Rating Report

On April 17, 2023, DBRS Morningstar confirmed Innovation's Short-Term Issuer Rating and Short-Term Instruments rating at R-1 (low) with Stable trends. Innovation’s Support Assessment (SA) is SA2, which reflects DBRS Morningstar’s expectation of timely systemic external support from Saskatchewan through Credit Union Central of Saskatchewan (SaskCentral; rated R-1 (low) with a Stable trend by DBRS Morningstar), particularly in the form of liquidity. At present, the SA2 designation does not result in any uplift for Innovation’s Short-Term Instruments rating.