KBRA rated the Company's next two securitizations SKOP 2015-2 in October 2015 and SKOP 2018-1 in March 2018.
KBRA is a full service credit rating agency registered with the U.S.
A team led by David Carlos, along with Kurt Hands chumacher and David Dwight, represented
KBRA in its relocation to 95,000 s/f at 805 Third Avenue and subsequently marketed
KBRA's 845 Third Avenue space for sublease.
KBRAs ratings for IDB Bank include a deposit rating of A-, senior unsecured debt rating of A-, subordinated debt rating of BBB+, and a short-term deposit and debt rating of K2 and
KBRA's outlook of IDBNY is stable.
Canuso, WSFS' Executive Vice President and Chief Financial Officer, said, "
KBRA's affirmation of our debt rating is indicative of the thorough due diligence process we employed for this transaction, our proven track record of successfully integrating recent acquisitions and beating expected results, and the anticipated financial value of the combination."
"In doing so, many have turned to defeasance while others have chosen to avail themselves of the agency's supplemental debt program,"
KBRA's Freddie Mac K-Series Borrowers Move On, or Top Off report said.
Sadly, backers of the current deal would rather misrepresent the serious concerns many have expressed about the
KBRA, and obscure the potentially disastrous trade-offs they've made in the name of dam removal.
BANKING AND CREDIT NEWS-October 22, 2018--Israel Discount Bank of New York confirms investment grade ratings by
KBRAGlobal Banking News-October 22, 2018--Israel Discount Bank of New York confirms investment grade ratings by
KBRAM2 EQUITYBITES-October 22, 2018--Israel Discount Bank of New York confirms investment grade ratings by
KBRAIn its release,
KBRA noted, "The ratings are supported by ORRF's strong management team, the Company's relationship banking approach with an emphasis on core depository funding, diversified revenue mix, and sophisticated infrastructure, which can support a significantly larger institution."