NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) released a comment on the public banks with KBRA long-term ratings. Overall, performance trends for the public institutions in KBRA’s rated universe of U.S. banks have been fairly stable as gauged by first quarter earnings releases. Long-term ratings remain largely unchanged as does the overall rating distribution and average long-term senior unsecured debt rating, though a few ratings and outlooks did change over the course of twelve-months. The average change in key ratios earnings, efficiency, asset quality, and capital is typically limited to a few basis points.
The report also discusses merger and acquisition (M&A) activity over the past year and contains first quarter summaries and current ratings for all fifty-one publicly traded domestic banks which KBRA currently rates.
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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).