Kroll Bond Rating Agency Releases Fourth Quarter 2016 Bank Compendium

NEW YORK--()--Kroll Bond Rating Agency (KBRA) released a compendium on the U.S. public banks with KBRA long-term ratings. Based on fourth quarter earnings reports, performance trends for the public institutions in KBRA’s rated universe of domestic banks remain stable as compared to the trends from both the third quarter of 2016 and the fourth quarter of 2015. Ratings remained largely unchanged, as did the overall rating distribution since the Third Quarter 2016 Compendium Report was published on November 7, 2016. The following ratings actions and changes were made since the last report:

  • Seven institutions were assigned new ratings,
  • The ratings for one institution were affirmed and withdrawn due to a business determination,
  • The ratings for one institution were withdrawn due to lack of information,
  • The ratings for one institution were downgraded,
  • The ratings for one institution were placed on Watch Upgrade as a result of acquisitive activity, and
  • The Outlooks for four institutions were changed.

Based on quarterly results and year-over-year performance, KBRA’s outlook for its universe of long-term rated banking institutions is unchanged. While there is potential for rating migration in individual ratings, KBRA believes that, overall, the rated banking institutions will continue to perform soundly in the near to medium term. The report also contains fourth quarter summaries and current ratings for all publicly traded domestic banks which KBRA currently rates.

Please click here to access the report.

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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).

Contacts

Analytical:
Kroll Bond Rating Agency
Ben Stewart, 301-969-3186
Associate Director
bstewart@kbra.com
or
Ashley Phillips, 301-969-3185
Associate Director
aphillips@kbra.com
or
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Joe Scott, 646-731-2438
Managing Director
jscott@kbra.com

Contacts

Analytical:
Kroll Bond Rating Agency
Ben Stewart, 301-969-3186
Associate Director
bstewart@kbra.com
or
Ashley Phillips, 301-969-3185
Associate Director
aphillips@kbra.com
or
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Joe Scott, 646-731-2438
Managing Director
jscott@kbra.com