trending Market Intelligence /marketintelligence/en/news-insights/trending/9bxuo-guj7aens_xojekdg2 content esgSubNav
In This List

Kroll: Simmons First senior debt rated BBB+

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Kroll: Simmons First senior debt rated BBB+

Kroll Bond Rating Agency on March 16 assigned Simmons First National Corp. a senior unsecured debt rating of BBB+, a subordinated debt rating of BBB and a short-term debt rating of K2.

Subsidiary Simmons Bank was assigned deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+ and short-term deposit and debt ratings of K2.

Pine Bluff, Ark.-based Simmons First's ratings reflect its "diversified product offerings ... comprehensive risk management framework [and] disciplined and thoughtful approach to M&A," among other factors. The ratings are constrained, however, by "marginally weaker than average asset quality metrics" and below-peer capital ratios.

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