NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a Compendium analyzing the first quarter results of the U.S. public banks with KBRA long-term ratings. This issue of KBRA’s Bank Compendium also includes a Spotlight on Bank Holding Company (BHC) Metrics. Solid BHC metrics are particularly important for bondholders, given that the vast majority of rated debt is issued at the BHC level. Based on first quarter 2017 earnings reports, performance trends for the public institutions in KBRA’s rated universe of domestic banks remain stable as compared to the trends from the fourth quarter of 2016. Ratings remained largely unchanged, as did the overall rating distribution since the Fourth Quarter 2016 Compendium Report was published on February 8, 2017. The following ratings actions and changes were made since the last report:
- Four institutions were assigned new ratings,
- The ratings for one institution were downgraded,
- The Outlooks for three institutions were changed.
Please click here to access the report.
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).