Equitable Bank Achieves Baa2 Long-Term Rating from Moody's Ratings

Equitable Bank Achieves Significant Moody's Rating

On February 11, 2025, Equitable Bank, recognized as Canada’s Challenger Bank™, proudly announced that Moody's Ratings assigned it a long-term issuer rating of Baa2 as well as a short-term issuer rating of P-2. This noteworthy event showcases Moody's strong confidence in Equitable Bank's financial health and its growth trajectory.

Moody's is renowned globally for its credit ratings, risk analysis, and research. The agency’s rating is crucial because it serves as an independent assessment of a company's creditworthiness. The Baa2 rating implies that Equitable Bank maintains a low level of risk compared to other financial institutions.

Andrew Moor, President and CEO of Equitable Bank, stated, “Moody's inaugural ratings are a testament to Equitable Bank's robust balance sheet and prudent risk management. This is an exciting next step forward for us that underscores the strength and resilience of our business model.” Moor elaborated that the recognition from Moody’s aligns with the bank’s commitment to upholding high financial standards while continually seeking new growth opportunities.

The ratings assigned by Moody's will not only enhance Equitable Bank's visibility in the market but are also expected to broaden its access to various investors. This will serve as a significant advantage for the bank, as it aims to provide further insights and analyses to its stakeholders regarding its financial stability and credit robustness.

Equitable Bank holds a distinct position in the Canadian banking landscape as it stands as the seventh-largest bank by assets. The bank operates with a clear mission: to instigate change within the Canadian banking sector to enrich the lives of its clients. Its business model is not only centered on technology but also focuses on delivering exceptional services to a diverse client base of nearly 700,000 customers and over six million credit union members.

The bank has consistently received recognition for its service quality, earning a spot on the Forbes World's Best Banks list since 2021, thanks to its digital banking platform, EQ Bank. This platform has transformed conventional banking into a more intuitive experience for its users, reflecting the bank's commitment to innovation and customer satisfaction.

Equitable Bank is a wholly owned subsidiary of EQB Inc. (TSX EQB), which is a leading digital financial services entity with $127 billion in combined assets under management and administration as of October 31, 2024. The bank continues to harness technology to enhance banking experiences while remaining committed to responsible and prudent financial practices.

As Equitable Bank continues its journey, the new ratings from Moody’s reinforce its intention to remain at the forefront of the banking sector's evolution, not just in Canada but potentially on a global scale. With such confidence instilled in its operations, Equitable Bank is poised for a future ripe with opportunities for expansion and innovation.

For those interested in learning more about Equitable Bank and its offerings, additional information can be found at eqb.investorroom.com or through platforms such as LinkedIn.

Equitable Bank is dedicated to driving change and setting new standards in banking, and the recent rating serves as a significant milestone in achieving its goals.