DBRS Releases Report on Desjardins Group, Caisse centrale Desjardins and Capital Desjardins
Banking OrganizationsDBRS has today released a report on Desjardins Group (Desjardins or the Group) and its related entities, Caisse centrale Desjardins and Capital Desjardins inc., that provides further detail on the recent confirmation of the Group’s ratings. The ratings remain supported by the Group’s leading market positions in the province of Québec and diversified business base, with an emphasis on low-risk retail lines. Key challenges remain the Group’s concentration in Québec and high cost structure.
Today’s report and the June 20, 2011, press release, are available at www.dbrs.com.