Kroll Bond Rating Agency Releases Third Quarter 2016 Bank Compendium

NEW YORK--()--Kroll Bond Rating Agency (KBRA) releases compendium on the public banks with KBRA long-term ratings. Based on third quarter earnings reports, performance trends for the public institutions in KBRA’s rated universe of U.S. banks remain stable as compared to both the second quarter of 2016 and the third quarter of 2015. Ratings remained largely unchanged, as did the overall rating distribution since the Second Quarter Compendium Report was published on August 12, 2016; eight new ratings were assigned during the quarter, two ratings were withdrawn due to acquisition, one institution was downgraded, and one institution’s rating outlook was changed.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 third quarter summaries and current ratings for all sixty-nine publicly traded domestic banks which KBRA currently rates.

Please click here 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).

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
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
or
Follow us on Twitter!
@KrollBondRating

Contacts

Kroll Bond Rating Agency
Analytical Contacts:
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
or
Follow us on Twitter!
@KrollBondRating