Equitable Group Inc. and Equitable Bank: Rating Report

On June 4, 2021, DBRS Limited (DBRS Morningstar) confirmed Equitable Bank’s (the Bank) long-term ratings, including its Long-Term Issuer Rating, at BBB and confirmed the Bank’s Subordinated Debt rating at BBB (low). DBRS Morningstar also confirmed the long-term ratings of the Bank’s parent company, Equitable Group Inc. (together with the Bank, Equitable or the Group), at BBB (low). Additionally, DBRS Morningstar changed the trends on all ratings to Stable from Negative. The Bank’s Intrinsic Assessment (IA) is BBB, while its Support Assessment (SA) is SA1. The Group’s SA is SA3, and its Long-Term Issuer Rating is positioned one notch below the Bank’s IA.