02:58 PM EST, 02/11/2025 (MT Newswires) -- EQB (EQB.TO) on Tuesday announced that Moody's Ratings has assigned it a long-term issuer rating of Baa2 and a short-term issuer rating of P-2.

According to a statement, this reflects Moody's confidence in Equitable Bank's "financial stability and risk measured growth prospects".

It said the ratings from Moody's are expected to broaden Equitable Bank's access to investors in the financial markets and provide greater insight and analysis to the Bank's stakeholders regarding financial stability and creditworthiness.

"Moody's inaugural ratings are a testament to Equitable Bank's robust balance sheet and prudent risk management," said President and CEO of Equitable Bank, Andrew Moor.

EQB was up $0.11 or 0.1% at $107.35.

Price: 107.16, Change: -0.08, Percent Change: -0.07