We believe Home Capital Group Inc.'s (HCG) near-term uncertainties have been substantially mitigated since our last rating action on June 23, 2017. The company's operating position has improved because of reduction in its liquidity risk, stability in its core deposit franchise, its appointment of a brand new executive team, and continued stable asset quality metrics. These developments, along with the C$153 million equity investment by Berkshire Hathaway Inc. (BRK) in June, and subsequent sale of commercial and residential mortgages in June and July that facilitated the repayment of BRK's C$2 billion credit facility, have ameliorated the transitional elements constraining HCG's creditworthiness. We are therefore raising our long-term issuer credit rating (ICR), senior unsecured debt, and certificate of deposit ratings on
