Affinity Credit Union: Rating Report

On March 31, 2021, DBRS Morningstar confirmed Affinity’s Short-Term Issuer Rating and Short-Term Instruments at R-1 (low). The trend on all ratings was revised to Stable. Affinity’s Support Assessment is SA2, which reflects DBRS Morningstar’s expectation of timely systemic external support from the Province of Saskatchewan (Saskatchewan or the Province; rated AA (low), with a Stable trend by DBRS Morningstar) through Credit Union Central of Saskatchewan (rated R-1 (low) with a Stable trend by DBRS Morningstar), particularly in the form of liquidity. In addition, Affinity has been designated a Provincial Systemically Important Financial Institution, which increases the likelihood that systemic external support would be forthcoming. At present, the SA2 designation does not result in any uplift for the Short-Term Instruments rating.