NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB+ and a subordinated debt rating of BBB to Bank of the Ozarks, Inc. (NASDAQ:OZRK) and its subsidiary bank, Bank of the Ozarks based on KBRA’s Global Bank and Bank Holding Company Rating Methodology published on January 28, 2015.
KBRA’s senior unsecured debt rating of BBB+ for Bank of the Ozarks, Inc. is supported by OZRK’s sound regulatory capital levels, strong earnings, above average margins, and its tight lending process. The ratings are constrained by rapid growth, high construction and development (C&D) lending, and extensive out of market lending. Concerns over C&D and out of market lending are partially mitigated by conservative underwriting combined with deep knowledge of construction lending and real estate markets.
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