The Bancorp Inc. and The Bancorp Bank, N.A. Receive Upgraded Credit Ratings from KBRA

Reuters
Aug 05
The Bancorp Inc. and The Bancorp Bank, N.A. Receive Upgraded Credit Ratings from KBRA

The Bancorp Inc. $(TBBK)$ has received upgraded credit ratings from Kroll Bond Rating Agency, LLC (KBRA). The senior unsecured debt rating for the company was raised to BBB+ from BBB, and the subordinated debt rating to BBB from BBB-. Additionally, the short-term debt rating improved to K2 from K3. The Bancorp Bank, N.A., its subsidiary, saw its deposit and senior unsecured debt ratings upgraded to A- from BBB+, and subordinated debt to BBB+ from BBB. KBRA also revised its outlook for all long-term ratings to Stable from Positive, highlighting The Bancorp's industry leadership and robust capital levels.

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