-

KBRA Releases Surveillance Report for Banner Corporation

NEW YORK--(BUSINESS WIRE)--On June 21, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Walla Walla, Washington-based Banner Corporation (NASDAQ: BANR or “the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for the company's principal subsidiary, Banner Bank. 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

Brian Ropp, Managing Director
+1 301-969-3244
brian.ropp@kbra.com

Jason Szelc, Senior Director
+1 301-969-3174
jason.szelc@kbra.com

Business Development Contact

Justin Fuller, Senior Director
+1 312-680-4163
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

Brian Ropp, Managing Director
+1 301-969-3244
brian.ropp@kbra.com

Jason Szelc, Senior Director
+1 301-969-3174
jason.szelc@kbra.com

Business Development Contact

Justin Fuller, Senior Director
+1 312-680-4163
justin.fuller@kbra.com

More News From KBRA

KBRA Releases Research – Private Credit: Deep Dive on AI and Software

NEW YORK--(BUSINESS WIRE)--KBRA releases research examining the impact of artificial intelligence (AI) on software and private credit portfolios. In KBRA’s view, AI poses diffuse and manageable credit risks to software companies held by direct lenders. While some sponsor-backed borrowers with near-term maturities and structural exposure to AI disruption may face significant pressure—contributing to a modest increase in overall default rates—we find that most software-adjacent borrowers have bus...

KBRA Assigns AAA Rating to Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Refunding Series 2026A (Green Bonds); Affirms Rating for Parity Bonds

NEW YORK--(BUSINESS WIRE)--KBRA assigns a long-term rating of AAA to the Metropolitan Atlanta Rapid Transit Authority Sales Tax Revenue Bonds, Refunding Series 2026A (Green Bonds). KBRA additionally affirms the long-term rating of AAA for outstanding Sales Tax Revenue Bonds. The rating Outlook is Stable. Key Credit Considerations The rating action reflects the following key credit considerations: Credit Positives Pledged revenues provide ample coverage of Sales Tax Revenue Bond maximum annual d...

KBRA Assigns Preliminary Ratings to PMT Loan Trust 2026-INV4 (PMTLT 2026-INV4)

NEW YORK--(BUSINESS WIRE)--KBRA assigns preliminary ratings to 72 classes of mortgage-backed notes from PMT Loan Trust 2026-INV4 (PMTLT 2026-INV4), a prime RMBS transaction sponsored by PennyMac Corp. (PennyMac), an indirect, wholly-owned subsidiary of PennyMac Mortgage Investment Trust (PMT). PMTLT 2026-INV4 comprises 1,093 fixed-rate mortgages (FRMs) with an aggregate principal balance of $412.3 million as of the April 1, 2026 cut-off date. The underlying pool consists of agency-eligible loan...
Back to Newsroom