Kroll Bond Rating Agency affirmed Revere Bank's deposit and senior unsecured debt ratings of BBB, subordinated debt rating of BBB- and short-term deposit and debt ratings of K3.
The outlook for all long-term ratings remains positive.
Among the factors supporting the ratings are the Maryland-based bank's expanding geographic footprint and strong asset quality metrics.
The positive outlook for the long-term ratings reflects Revere Bank's growing core earnings capacity and internal capital generation and improved capital profile. It also considers the bank's track record of consistent and strong asset quality metrics, according to the rating agency.
