Press release from CNW Group
Canadian Western Bank assigned ratings by DBRS Limited
Monday, November 22, 2010
EDMONTON, Nov. 22 /CNW/ -Canadian Western Bank (TSX: CWB) (CWB or 'the Bank') today announced that DBRS Limited (DBRS) has assigned a rating on the Bank's deposits and senior debt of 'A (low)' with a stable trend. DBRS has also assigned a rating on the Bank's subordinated debentures of 'BBB (high)' with a stable trend. CWB has historically not been rated by any credit rating agency.
Refer to DBRS for additional details about the Rating Report.
About Canadian Western Bank Group
Canadian Western Bank offers a full range of business and personal banking services across the four western provinces and is the largest Canadian owned bank headquartered in Western Canada. The Bank, along with its operating subsidiaries, National Leasing Group Inc., Canadian Western Trust Company, Valiant Trust Company, Canadian Direct Insurance Incorporated, Adroit Investment Management Ltd. and Canadian Western Financial Ltd., collectively offer a diversified range of financial services across Canada and are together known as Canadian Western Bank Group. The common shares of Canadian Western Bank are listed on the Toronto Stock Exchange under the trading symbol 'CWB'. Refer to www.cwbankgroup.com for additional information.
For further information: Kirby Hill, CFA, Director, Investor & Public Relations, External Communications, Canadian Western Bank, Phone: (780) 441-3770, E-mail: email@example.com OR Tracey Ball, FCA, ICD.D, Executive Vice President & Chief Financial Officer, Canadian Western Bank, Phone: (780) 423-8888