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DBRS confirms Concentra Financial Services Association's ratings

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DBRS confirms Concentra Financial Services Association's ratings

DBRS on Sept. 26 confirmed Saskatoon, Canada-basedConcentra Financial ServicesAssociation's A (low) issuer rating and R-1 (low) short-terminstruments, both with stable trends.

According to the rating agency, the issuer rating reflectsan intrinsic assessment of BBB (high) and a support assessment of SA2, whichprovides a one-notch uplift in the final rating.

The ratings are supported by the company's "soundbalance sheet, which primarily comprises lower-risk residentialmortgages," DBRS said.