HomeEquity Bank: Rating Report

On October 2, 2023, DBRS Morningstar assigned initial public credit ratings to HomeEquity Bank, including a LongTerm Issuer Rating of BBB (low). The trend on all credit ratings is Stable. The Bank’s Intrinsic Assessment (IA) is BBB (low) with a Support Assessment of SA3. The SA3 designation, which reflects no expectation of timely external support, results in the final credit rating being equivalent to the IA.