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DBRS Morningstar confirms Laurentian Bank of Canada ratings

DBRS Morningstar confirmed the ratings of Laurentian Bank of Canada, including its long-term issuer rating of A (low) and its short-term issuer rating of R-1 (low).

The rating agency assigned the Montreal-based bank an intrinsic assessment of A (low) and support assessment of SA3.

The trend on all ratings is stable.

DBRS said the ratings and stable trends reflect the bank's solid regional retail franchise in Québec and its growing national reach through its commercial business services segment, B2B Bank, and its online platform, LBC Digital.