Current Credit Ratings of Canadian Banks | General comparisons | Discussion forum

Norman1 said
Not all the banks have a debt rating.

For example, Tangerine Bank and Alterna Bank don't.  

Is Tangerine a real bank or does it fall under BNS?

I would suggest the credit rating agencies lump Tangerine in with BNS (wholly owned by BNS)

That wasn't the question. It is about the debt ratings assigned by the likes of DBRS, Moody's et al. Tangerine Bank (and Hollis Bank) would be included in BNS just like Bank of Nova Scotia Trust Company.

Per https://www.dbrsmorningstar.com/research/377310/dbrs-morningstar-confirms-the-bank-of-nova-scotia-at-aa-with-a-stable-trend

DBRS Limited (DBRS Morningstar) confirmed the ratings of The Bank of Nova Scotia (Scotiabank or the Bank) and its related entities, including Scotiabank’s Long-Term Issuer Rating at AA and Short-Term Issuer Rating at R-1 (high). The trend on all ratings is Stable. Scotiabank’s Long-Term Issuer Rating is composed of an Intrinsic Assessment (IA) of AA (low) and a Support Assessment (SA) of SA2, which reflects the expectation of timely systemic support from the Government of Canada (rated AAA with a Stable trend by DBRS Morningstar). As a result of the SA2 designation, the Bank’s Long-Term Issuer Rating benefits from a one-notch uplift.

savemoresaveoften said
So credit rating agencies are doing the right thing and keep Tangerine separate from BNS.  

They do? Please show me what rating Moodys and DBRS gives Tangerine because I have not found it.

ADV Ratings doesn't https://www.advratings.com/canada/tangerine-bank because it operates as a subsidiary.

OTOH, DBRS equates Hollis with BNS because it is wholly owned by BNS.

If Wealth One, for example, is not publicly traded in some way, e.g. common equity, or preferred equity or corporate bonds, I don't know why DBRS or any ratings agency would rate them, or how they would do so.

reality said
Just an example of what I meant.  

I recognize that but I am giving you a reason why that is the case for Wealth One. There will be others like that. If you can't find a credit rating by DBRS for an entity, that is most likely because it is not a publicly traded entity or it is a subsidiary of another entity that may, or may not, be publicly traded.

There is no reason to shun such entities as long as one stays within deposit insured limits.

AltaRed said
There is no reason to shun such entities as long as one stays within deposit insured limits.  

To take it 1 step further, only put above deposit if you are comfortable with the name (e.g big5 plus a few others)

reality said
I understand everything everyone is saying but to put it simply I am after the identical information as ADV in one place but current. The additional institutions would just be icing on the cake so to speak.  

Wishful thinking. Ratings don't change often and when you see an institution of interest, google it specifically for debt rating. Debt ratings don't really matter much for insured deposits.