Credit Union Central Alberta Limited: Rating Report

On April 19, 2021, DBRS Limited (DBRS Morningstar) confirmed Alberta Central's Long-Term Issuer Rating and Long-Term Senior Debt rating at “A” as well as its Short-Term Issuer Rating and Short-Term Instruments rating at R-1 (low). The trend on all long-term ratings is Negative while the trend on all short-term ratings is Stable. The ratings for Alberta Central reflect DBRS Morningstar’s Intrinsic Assessment of the System and a Support Assessment (SA) of SA2, which reflects the expectation of timely systemic external support from the Province of Alberta (the Province or Alberta; rated AA (low) with a Negative trend by DBRS Morningstar). This results in a one-notch uplift to “A” from the System’s Intrinsic Assessment of A (low).