trending Market Intelligence /marketintelligence/en/news-insights/trending/6ajH9asfhheLIfa4mU0AJw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kroll affirms ratings for Lakeland Bancorp, unit

Blog

Banking Essentials Newsletter - February Edition, Part 2

Podcasts

StreetTalk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

Street Talk – Episode 74: Investor sees legs in strong credit performance, US bank stock rally

Blog

The Evolution of ESG Factors in Credit Risk Assessment: Environmental Issues


Kroll affirms ratings for Lakeland Bancorp, unit

Kroll Bond Rating Agency on Aug. 10 affirmed Oak Ridge, N.J.-based Lakeland Bancorp Inc.'s senior unsecured debt rating of BBB, subordinated debt rating of BBB-, and short-term debt rating of K3.

The rating agency also affirmed Lakeland Bank's deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB, and short-term deposit and debt ratings of K2.

All long-term ratings have a stable outlook.

Better asset quality, capitalization, earnings, and a stable approach to both business and growth were cited as factors that support the company's ratings. On the other hand, a significant nonowner-occupied commercial real estate lending concentration and relatively tight minimum capital management standards were cited as constraints to the ratings.