KBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.
KBRA Releases Surveillance Report for Washington Trust Bancorp, Inc.
NEW YORK--(BUSINESS WIRE)--On August 25, 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 Westerly, Rhode Island-based Washington Trust Bancorp, Inc. (NASDAQ: WASH) (“the company”). KBRA also 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 subsidiary, The Washington Trust Company, of Westerly. The Outlook for all long-term ratings was revised to Negative from Stable.
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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
Bryan So, Director
+1 301-969-3246
bryan.so@kbra.com
Shannon Servaes, CFA, CPA, Managing Director
+1 301-969-3247
shannon.servaes@kbra.com
Joe Scott, Senior Managing Director
+1 646-731-2438
joe.scott@kbra.com
Business Development
Justin Fuller, Senior Director
+1 312-680-4163
justin.fuller@kbra.com
