Credit ratings

Fédération des caisses Desjardins du Québec and Capital Desjardins Inc. receive 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+
Senior medium- and long-term legacy debt Aa2 A+ AA AA-
Senior medium- and long-term debt A2 A- AA (low) AA-
Covered bonds Aaa -- -- AAA
Outlook Negative 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.

Capital Desjardins Inc.
  Moody's S&P DBRS Fitch
Senior medium- and long-term debt A2 A A (high) A+
Outlook Negative Stable Stable --
  1. Represents Moody's Counterparty Risk Rating and Deposit Rating, S&P's Issuer Credit Rating, DBRS' Long-Term Deposit Rating and Fitch's Long-Term Issuer Default Rating, Derivative Counterparty Rating and Long-Term Deposit Rating
  2. Includes senior debt issued prior to March 31, 2019, and senior debt issued on or after March 31, 2019, which is excluded from the recapitalization regime applicable to Desjardins.
  3. Includes senior debt issued on or after March 31, 2019, subject to conversion under the recapitalization regime applicable to Desjardins.