What is a credit rating?

A quick video explaining what a bank's credit rating is.

What is a credit rating?

Did you know everyone has a credit score which indicates how good they are paying debts? Well, your banks have a similar one called a credit rating.

A credit rating is an assessment made by an independent rating agency, of a bank’s ability to repay its debt.

Ratings, help depositors and other creditors make more informed decisions when placing money with a bank.

When rating agencies assess banks ability to repay their debts and their general soundness, they look at a range of information that is similar to the Bank Financial Strength Dashboard.

You can learn more about your bank’s credit rating on the bank financial strength dashboard.

Go to the Bank Financial Strength Dashboard