Home Capital Group Inc.: Rating Report

On March 25, 2022, DBRS Limited (DBRS Morningstar) upgraded the long-term ratings of Home Capital Group Inc. (HCG or the Group) to BBB (low) from BB (high) and upgraded the Group’s short-term ratings to R-2 (middle) from R-3. DBRS Morningstar also upgraded the long-term ratings of HCG’s primary operating subsidiary, Home Trust Company (the Trust Company), to BBB from BBB (low) and upgraded the Trust Company’s short-term ratings to R-2 (high) from R-2 (middle). Additionally, DBRS Morningstar changed the trends on all ratings to Positive from Stable.