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Kroll affirms ratings for First National of Nebraska, unit

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Kroll affirms ratings for First National of Nebraska, unit

Kroll Bond Rating Agency on Oct. 17 affirmed the ratings for Omaha, Neb.-based First National of Nebraska Inc. and unit First National Bank of Omaha.

The rating agency affirmed the company's A- senior unsecured debt rating, BBB+ subordinated debt rating and K2 short-term debt rating. It also affirmed the bank's A deposit and senior unsecured debt ratings, A- subordinated debt rating and K1 short-term deposit and debt ratings.

The outlook on all long-term ratings is stable.

According to Kroll, the ratings are supported by First National of Nebraska's "sound and relatively stable" operating performance and "more diverse" business mix compared with similarly sized peers. The rating agency also noted the company's "solid capital profile, given its sound internal capital generation combined with measured loan growth."

First National of Nebraska is a unit of Lauritzen Corp.