Laurentian Bank of Canada: Rating Report

DBRS Limited (DBRS) confirmed the ratings of Laurentian Bank of Canada (LBC or the Bank), including the Bank’s Long-Term Issuer Rating at A (low) and its Short-Term Issuer Rating at R-1 (low). DBRS changed the trend on all long-term ratings to Stable from Negative and maintained the Stable trend on all short-term ratings. The Bank’s Intrinsic Assessment (IA) of A (low) and Support Assessment of SA3 are unchanged. The SA3 designation, which reflects no expectation of timely external support, results in the final rating being equivalent to the IA.