DBRS: Laurentian Bank trend positive

DBRS Ltd. said it changed the trend to positive from stable on all long-term ratings of Laurentian Bank of Canada. The short-term rating trend remains stable.

The agency also confirmed Laurentian's long- and short-term senior debt ratings at BBB (high) and short-term instruments at R-1 (low).

The trend change reflects the view that Laurentian's earnings profile has continued to improve over the past four years as a result of execution of its strategy, including increased segment diversification and consistent internal capital generation from core businesses, the agency said.

The ratings are supported by Laurentian's overall low-risk business profile, which is focused on retail lending funded by retail deposits, real estate and mid-market commercial financing, along with a mid-sized Montréal-based capital markets business, the agency noted.

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