NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured long-term rating of A-, a subordinated debt rating of BBB+, and a short-term debt rating of K2 to Bryn Mawr Bank Corporation (NASDAQ: BMTC) (BMTC or “the Company”), a bank holding company headquartered in Bryn Mawr, Pennsylvania. In addition, KBRA has assigned a senior unsecured debt/deposit rating of A, and a short-term rating of K1 to the subsidiary bank, Bryn Mawr Trust (“the Bank”). The outlook on all ratings is stable.
The ratings are supported by Bryn Mawr Bank Corporation’s seasoned management team, strong credit culture, well diversified revenue sources, sound credit quality, and consistently strong core earnings metrics. These factors are counterbalanced by BMTC’s geographic concentration of its banking operations and high concentrations in real estate loans, although BMTC has prudent underwriting standards and a favorable loss history in real estate loans over time.
The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published on January 28, 2015.
To view the report, please use the following link: www.krollbondratings.com/show_report/2482
About Kroll Bond Rating Agency
KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).
