Equitable Group Inc. and Equitable Bank: Rating Report

On July 16, 2019, DBRS Limited (DBRS) changed the trend on the Long-Term Issuer Rating, Long-Term Deposits and Long-Term Senior Debt ratings of the Bank to Positive from Stable and confirmed each rating at BBB. DBRS also changed the trend on the Bank’s Subordinated Debt to Positive from Stable and confirmed the rating at BBB (low). In addition, DBRS changed the trend on the Long-Term Issuer Rating and the Long-Term Senior Debt of the Bank’s parent, the Group, and confirmed the ratings at BBB (low). DBRS confirmed the Bank’s Intrinsic Assessment at BBB and the Group’s Support Assessment remains SA3.