A customer can find Canadian Western Bank credit ratings on the bank’s website.
There you can find information about the following ratings:
- DBRS Morningstar
- Long-term senior
- Subordinated debentures (NVCC)
- Limited recourse capital notes (NVCC)
- Short-term debt
- Preferred Shares (NVCC)
If you have additional questions, you may call 780-423-8888.
Credit Rating Upgrade by DBRS Morningstar
Morningstar DBRS upgraded Canadian Western Bank’s long-term issuer credit rating from A (low) to AA several months ago, aligning its rating with National Bank following their merger. This indicates solid confidence in its financial strength and strategic integration. The previous DBRS rating had been A (low) with a stable outlook.
Rating Withdrawal Post-Merger
Following the acquisition by National Bank, Morningstar DBRS has discontinued and withdrawn the standalone credit ratings for Canadian Western Bank. From February 3, 2025, all credit metrics have been consolidated under the National Bank umbrella.
Current National Bank Credit Standing
Fitch Ratings has affirmed National Bank of Canada’s issuer default ratings at 'A+' (long-term) and 'F1' (short-term), both with a stable outlook. This reflects the merged entity’s overall creditworthiness under the new structure.
Industry Perspective on CWB’s Credit Status
According to third-party aggregators, Canadian Western Bank was rated 'AA'—consistent with the DBRS upgrade—prior to the formal merger, indicating recognition of its improved credit position.