-

KBRA Releases Surveillance Report for WSFS Financial Corporation

NEW YORK--(BUSINESS WIRE)--On August 9, 2023, KBRA affirmed the senior unsecured debt rating of A-, the subordinated debt rating of BBB+, and the short-term debt rating of K2 for Wilmington, Delaware based WSFS Financial Corporation (NASDAQ: WSFS)(“the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A, the subordinated debt rating of A-, and the short-term deposit and debt ratings of K1 for its subsidiary, Wilmington Savings Fund Society, FSB. The Outlook for all long-term ratings is 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

Ben Rodriguez, Director
+1 301-969-3186
ben.rodriguez@kbra.com

Leah Hallfors, Senior Director
+1 301-969-3242
leah.hallfors@kbra.com

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

Ben Rodriguez, Director
+1 301-969-3186
ben.rodriguez@kbra.com

Leah Hallfors, Senior Director
+1 301-969-3242
leah.hallfors@kbra.com

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

Business Development Contact

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

More News From KBRA

KBRA Assigns Preliminary Ratings to BMO 2026-C14

NEW YORK--(BUSINESS WIRE)--KBRA is pleased to announce the assignment of preliminary ratings to 16 classes of BMO 2026-C14, a $631.6 million CMBS conduit transaction collateralized by 27 commercial mortgage loans secured by 89 properties. The collateral properties are located throughout 36 MSAs, of which the three largest are Norfolk (8.8% of pool balance), Detroit (8.7%), and Albany-Schenectady-Troy, NY (8.7%). The pool has exposure to most major property types, with four types representing mo...

KBRA Releases Research – Private Credit: 2026 Outlook

NEW YORK--(BUSINESS WIRE)--KBRA releases research that considers the themes that matter for private credit in 2026. KBRA believes 2026 will be a pivotal year for the broader private credit landscape. We expect strong growth across a wide range of rated private credit entities and transactions, offering global investors an increasing set of fixed income pathways into private markets. These pathways provide not only predictable income, but also the ability to tailor risk exposure relative to the...

KBRA Assigns Preliminary Ratings to OBX 2026-NQM2 Trust

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 14 classes of mortgage-backed notes from OBX 2026-NQM2 Trust, a $809.8 million non-prime RMBS transaction. The underlying collateral, comprising 1,553 residential mortgages, is characterized by fixed-rate mortgages (FRMs) and hybrid adjustable-rate mortgages (ARMs) making up 92.6% and 7.4% of the pool, respectively. A majority of the loans are either classified as non-qualified mortgages (Non-QM; 42.1%) or exempt (46.8%) from the Ab...
Back to Newsroom