-

KBRA Releases Surveillance Report for MidWestOne Financial Group, Inc.

NEW YORK--(BUSINESS WIRE)--On June 22, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Iowa City, Iowa-based MidWestOne Financial Group, Inc. (NASDAQ: MOFG) (“MidWestOne” or “the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for lead subsidiary, MidWestOne Bank. The Outlook for all long-term ratings was revised to Negative from Stable.

To access rating and relevant documents, click here.

Click here to view the report.

About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Contacts

John Rempe, Director
+1 301-969-3045
john.rempe@kbra.com

Joe Scott, Senior Managing Director
+1 646-731-2438
joe.scott@kbra.com

Bryan So, Director
+1 301-969-3246
bryan.so@kbra.com

Business Development Contact
Justin Fuller, Senior Director
+1 646-731-1250
justin.fuller@kbra.com

Industry:

KBRA

Details
Headquarters: New York City, New York
CEO: Jim Nadler
Employees: 400+
Organization: PRI
Release Versions
English
Hashtags
#KBRA
#creditratingagency

Contacts

John Rempe, Director
+1 301-969-3045
john.rempe@kbra.com

Joe Scott, Senior Managing Director
+1 646-731-2438
joe.scott@kbra.com

Bryan So, Director
+1 301-969-3246
bryan.so@kbra.com

Business Development Contact
Justin Fuller, Senior Director
+1 646-731-1250
justin.fuller@kbra.com

More News From KBRA

KBRA Releases Research – Spanish RPL RMBS: Resilient Performance and an Established Asset Class

LONDON--(BUSINESS WIRE)--KBRA releases research that examines the key characteristics of Spanish reperforming loan (RPL) residential mortgage-backed securities (RMBS) transactions rated by KBRA, focusing on factors that may influence credit performance as the transactions season. The report also discusses the composition of the underlying mortgage portfolios, including restructuring profiles, arrears trends, pay rates, leverage, seasoning, and kept-rate performance, as well as the structural fe...

KBRA Assigns AAA Rating with Stable Outlook to New Mexico Finance Authority State Transportation Revenue Bonds (State Transportation Commission - Subordinate Lien), Series 2026A

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA with a Stable Outlook to the New Mexico Finance Authority State Transportation Revenue Bonds (State Transportation Commission - Subordinate Lien), Series 2026A. Concurrently, KBRA affirms the long-term rating of AAA with a Stable Outlook on the outstanding New Mexico Finance Authority State Transportation Revenue Bonds (State Transportation Commission - Senior Lien and Subordinate Lien). Key Credit Considerations The rating actio...

KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-CNF5 (PMTLT 2026-CNF5)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 44 classes of mortgage-backed notes from PMT Loan Trust 2026-CNF5 (PMTLT 2026-CNF5), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-CNF5 comprises 574 agency-eligible, conforming mortgage loans with an aggregate stated principal balance of approximately $313.0 million as of the June 1, 2026 cut-off date. The underlying coll...
Back to Newsroom