DBRS Morningstar Confirms Innovation Credit Union at R-1 (low), Stable Trend

DBRS Morningstar has once again assigned a Short-Term Issuer and a Short-Term Instruments rating of R- 1 (low) (pdf) to Innovation Federal Credit Union. The rating reflects Innovation’s overall strength and stability as a solid organization within its operating area.

“DBRS Morningstar is a globally recognized credit rating agency,” says Innovation CEO Dan Johnson. “Having such a reputable third-party agency provide a solid rating of our organization is an important indicator for us and our members.”

DBRS Morningstar has vast financial industry knowledge, specifically on the Canadian credit union system. The agency assesses overall credit union strength based on franchise strength, earnings power, risk profile, funding and liquidity, and capitalization (structure and adequacy).

For further details on the credit rating, visit DBRS’s website: www.dbrsmorningstar.com.