VANCOUVER, British Columbia–(BUSINESS WIRE)–DBRS Limited (DBRS) has once again assigned BlueShore Financial Credit
Union a Long-Term Issuer Rating of BBB (high) and a Short-Term Issuer
Rating of R-1 (low). The trend on all ratings is Stable.
“We are pleased that DBRS, a well-established third-party credit rating
agency, has recognized BlueShore’s strong business strategy, exceptional
quality of service and financial stability through its positive credit
rating,” said Chris Catliff, President and CEO, BlueShore Financial. “We
are committed to continuing our trajectory of growth and evolution while
providing an unparalleled client experience.”
Additionally, DBRS has assigned BlueShore Financial a Support Assessment
(SA) at SA2. This reflects DBRS’ expectation of timely systemic external
support from the Province of British Columbia (the Province; rated AA
(high)/R-1 (high) with Stable trends by DBRS) through Central 1 Credit
Union (Central 1; rated A (high)/R-1 (middle) with Stable trends by
DBRS), particularly in the form of liquidity.
The ratings reflect BlueShore Financial’s strong franchise position,
asset quality, liquidity and capitalization.
BlueShore Financial manages over $5.7 billion in Assets under
Administration and serves 40,000 clients in B.C. across the Lower
Mainland and Sea-to-Sky Corridor.
About BlueShore Financial
BlueShore Financial is a boutique financial institution providing a full
range of personal and business banking, wealth management, insurance and
commercial lending solutions. With a branch network located across the
Lower Mainland and Sea-to-Sky Corridor, BlueShore Financial helps
clients achieve financial wellness® through personalized
solutions and expert advice, delivered in a unique Financial Spa®
branch environment. BlueShore Financial manages over $5.7 billion in
Assets Under Administration and is consistently ranked among the top 20
financial planning firms in Metro Vancouver.
BlueShore Financial is an Imagine Canada Caring Company, contributing at
least 1% of pre-tax profits annually to charities and not-for-profit
organizations within the communities it serves. BlueShore Financial is
the operating name of BlueShore Financial Credit Union.
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Contacts
Media:
Armita Seyedalikhani
Director, Communications &
Corporate Affairs
BlueShore Financial
604.983.4584
[email protected]
