The A- rating reflects S&P’s strong and stable outlook for the bank’s overall business as well as its financial and risk profile.
“We have been a trusted partner to our clients for more than half a century, and this upgraded rating is a proof point for the strength and stability we continue to offer,” said Avner Mendelson, President and CEO, Bank Leumi USA. “An A- rating is a key threshold for many companies as they consider options for deposit services; we are proud to be included in the exclusive group of companies rated A- and above and remain committed to being a bank of choice for companies in the sectors we serve, including real estate, healthcare, commercial & industrial, and high tech.”
Leumi is the U.S. subsidiary of the Leumi Group, a leading global financial services institution. This rating highlights the Leumi Group’s commitment to its U.S. subsidiary and investment in its growth, as well as its own stable outlook.
Bank Leumi USA (Leumi) is a full-service commercial and private banking institution providing financial services to middle market firms, as well as a full range of private banking solutions to domestic and international clients. Leumi also offers a broad range of securities and insurance products through its brokerage subsidiary, Leumi Investment Services Inc. More information about Leumi is available at www.leumiusa.com.