WILMINGTON, Del.--(BUSINESS WIRE)--Morningstar DBRS assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) with a Long-Term Issuer Rating of "A (low)". At the same time, Morningstar DBRS assigned a Long-Term Issuer Rating of “A” to WSFS Bank. The trends on all credit ratings are Stable. The Intrinsic Assessment (IA) for the Bank is “A,” while its Support Assessment is SA1. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is pos
Related Questions
Will the "A (low)" rating for WSFS Financial Corp affect the company’s equity valuation and investor sentiment?
How do WSFS’s ratings compare to those of its regional banking peers and potential competitors?
Does the rating change affect any existing loan covenants or credit facilities for WSFS?
What impact could the stable outlook have on the company’s ability to raise capital or pursue M&A activity?
What is the market’s likely reaction to these ratings in terms of WSFS’s stock price over the next few weeks?
Are there any rating triggers embedded in the rating methodology that could prompt future upgrades or downgrades?
How might the rating impact WSFS’s deposit growth, loan portfolio quality, and net interest margin expectations?
Could the rating improvement lead to changes in the composition of WSFS’s investor base (e.g., more institutional demand)?
How does the SA1 support assessment for the bank compare to the SA3 for the corporation in terms of underlying financial health?
What are the implications for WSFS’s dividend policy and payout ratio given the new rating levels?
How will the new "A" rating for WSFS Bank influence its bond yields and cost of funding?