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KBRA Releases Surveillance Report for ConnectOne Bancorp, Inc.
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
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Rhea-AI Summary
KBRA affirms ConnectOne Bancorp's debt and stock ratings, with Stable Outlook.
Positive
None.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
On July 28, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Englewood Cliffs, New Jersey-based ConnectOne Bancorp, Inc. (NASDAQ: CNOB) ("ConnectOne" or "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 lead subsidiary, ConnectOne Bank. The Outlook for all long-term ratings is Stable.
To access rating and relevant documents, click here.
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.
connectone bank is built on a history of connecting to our clients’ needs. we understand that “little things matter” and focus on those things when providing creative financial products and customize solutions to help our clients achieve financial prosperity for themselves, their family and their business. our ultimate goal is to create life-long partnerships with our clients by making sure that each day connectone bank focuses on a singular objective...to be “a better place to be” for our clients, our communities, our employees and our shareholders. connectone bank is an equal housing and equal opportunity lender, and a member of the federal deposit insurance corporation. for more information, call 201-816-8900, go online and visit our website at www.connectonebank.com.
