My Credit Union


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Following a comprehensive review of IMB’s ratings agency service requirements and in consideration of IMB corporate strategy, IMB has decided to move from holding a single issuer credit rating to retaining issuer credit ratings from two external credit assessment institutions (ECAIs) as from 2018. IMB currently holds issuer credit ratings from Moody’s Investor Services (Moody’s) and Fitch Ratings (Fitch). 


IMB Ltd ('IMB') Credit Rating:

Rating Agency Short Term Long Term Outlook










Moody’s Investor Services

On 22 November 2018, Moody’s Investors Service (Moody’s) affirmed IMB’s rating: long-term issuer rating of Baa1 and short-term issuer rating of P-2. The outlook for the ratings is stable. For more information visi

Fitch Ratings

On 22 October 2018, Fitch Ratings (Fitch) affirmed IMB’s rating: Long-Term Issuer Default Rating (IDR) of 'BBB+' with a Stable Outlook and Short-Term IDR of ‘F2’. For more information visit

IMB’s credit profile, balance sheet and other fundamentals remain strong. In particular IMB is well capitalised relative to risk (with total regulatory capital at 15.5% at 30 June 2019), has significant levels of liquidity (with High Quality Liquid Assets of 15.9% at 30 June 2019), and has stable earnings and a low cost-to-income ratio relative to peers. In addition IMB maintains sound asset quality in its loan portfolio with arrears statistics and bad debt experiences that are well below national industry averages (at 30 June 2019 IMB’s residential arrears 90+ days was only 0.18% representing 37 loans out of a total 20,431 loans).

Credit ratings are statements of opinion and not statements of fact or recommendations to purchase, sell or hold any securities. Credit ratings are subject to change.