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Kroll affirms First Busey debt ratings

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Kroll affirms First Busey debt ratings

Kroll Bond Rating Agency on May 15 affirmed Champaign, Ill.-based First Busey Corp.'s BBB+ senior unsecured debt rating, BBB subordinated debt rating and K2 short-term debt rating.

It also affirmed subsidiary Busey Bank's deposit and senior unsecured debt ratings of A-, subordinated debt rating of BBB+ and short-term deposit and debt ratings of K2.

The ratings reflect the company's solid operating history, earnings diversification, conservative liquidity metrics and strong management team.

The outlook on all long-term ratings is "stable."