KBRA Releases Surveillance Report for CNB Financial Corporation

NEW YORK--(BUSINESS WIRE)-- On July 21, 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 Clearfield, Pennsylvania-based CNB Financial Corporation (NASDAQ: CCNE) (“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 its subsidiary, CNB Bank. The Outlook for all longterm ratings is 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.

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Bryan So, Director

+1 301-969-3246 bryan.so@kbra.com

Jason Szelc, Senior Director

+1 301-969-3174 jason.szelc@kbra.com

Ashley Phillips, Managing Director

+1 301-969-3185 ashley.phillips@kbra.com



Business Development

Justin Fuller, Senior Director

+1 646-731-1250 justin.fuller@kbra.com

Source: KBRA