KBRA Releases Surveillance Report for WSFS Financial Corporation

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09/01/2023 - 01:54 PM

NEW YORK--(BUSINESS WIRE)-- On August 9, 2023, KBRA affirmed the senior unsecured debt rating of A-, the subordinated debt rating of BBB+, and the short-term debt rating of K2 for Wilmington, Delaware based WSFS Financial Corporation (NASDAQ: WSFS)(“the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A, the subordinated debt rating of A-, and the short-term deposit and debt ratings of K1 for its subsidiary, Wilmington Savings Fund Society, FSB. The Outlook for all long-term 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.