Credit ratings

The Fédération des caisses Desjardins du Québec receives top credit ratings, reflecting the solidity of Desjardins Group.

Fédération des caisses Desjardins du Québec
  Moody's S&P DBRS Fitch
Counterparty/Deposits Aa1 A+ AA AA
Short-term debt P-1 A-1 R-1 (high) F1+
Medium- and long-term Non Bail-inable Senior debt Aa2 A+ AA AA
Senior medium- and long-term debt A1 A- AA (low) AA-
NVCC subordinated notes A2 BBB+ A (low) A
Covered bonds Aaa -- -- AAA
Outlook Stable Stable Stable Stable

National instrument 24-101 trade matching and settlement trade-matching statement (PDF, 163 KB) - This link will open in a new window.

  1. Represents Moody's long-term deposit rating and counterparty risk rating, S&P's issuer credit rating, DBRS's long-term deposit rating, and Fitch's long-term deposit rating and derivative counterparty rating.
  2. Includes medium- and long-term senior debt that could be issued and that would be excluded from the bail-in regime applicable to Desjardins Group
  3. Includes senior debt issued subject to conversion under the recapitalization regime applicable to Desjardins.