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KBRA Releases Surveillance Report for Renasant Corporation
Rhea-AI Impact
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Rhea-AI Sentiment
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Tags
Rhea-AI Summary
KBRA affirms ratings for Renasant Corporation and Renasant Bank
Positive
KBRA affirms the senior unsecured debt rating of BBB+ for Renasant Corporation
KBRA affirms the deposit and senior unsecured debt ratings of A- for Renasant Bank
Negative
None.
NEW YORK--(BUSINESS WIRE)--
On July 27, 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 Tupelo, Mississippi-based Renasant Corporation (NASDAQ: RNST) (“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 its subsidiary, Renasant 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.
with perseverance as its watchword, renasant corporation, which stands for constant renaissance, has a rich history of achievement in its journey to becoming one of the south’s most successful companies. a collection of community banks that values its relationships with employees and clients above all else, renasant has found its strength in being a company dedicated to solid leadership, innovation, and community partnership. from its humble beginnings on february 27, 1904 as a makeshift $100,000 bank started in an old lee county, mississippi bakery to its current multi-state 120+ banking, lending, insurance, wealth management and financial services offices, renasant has evolved into a client focused corporation that is stronger than ever.
