Kroll Bond Rating Agency Assigns BBB+/K2 Senior Long-Term & Short-Term Debt Ratings to Great Western Bancorp, Inc.

NEW YORK--()--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured long-term rating of BBB+, a subordinated debt rating of BBB, and a short-term debt rating of K2 to Great Western Bancorp, Inc. (NYSE:GWB) (GWB or “the Company”), a bank holding company headquartered in Sioux Falls, South Dakota. In addition, KBRA has assigned a senior unsecured debt/deposit rating of A-, and a short-term rating of K2 to the subsidiary bank, Great Western Bank (“the Bank”). The outlook on all ratings is stable.

The ratings are supported by Great Western Bancorp’s experienced management team, proven track record of strong, disciplined growth and a highly efficient operating model, strong expertise in agribusiness and commercial lending, and consistently strong core earnings metrics. These factors are counterbalanced by GWB’s reliance on net interest income for the bulk of its revenues with limited non-interest revenue generation.

The ratings are based on KBRA’s Global Bank and Bank Holding Company Rating Methodology, published on January 28, 2015.

To view the report, please click here: www.krollbondratings.com/show_report/2635

About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).

Contacts

Analytical:
Kroll Bond Rating Agency
Isabelle Nana, 240-394-4153
Associate
inana@kbra.com
or
Joe Scott, 646-731-2438
Senior Director
jscott@kbra.com
or
Christopher Whalen, 646-731-2366
Senior Managing Director
cwhalen@kbra.com
or
Follow us on Twitter!
@KrollBondRating

Recent Stories

RSS feed for Kroll Bond Rating Agency

Kroll Bond Rating Agency