Kroll Bond Rating Agency on Feb. 5 affirmed United Community Banks Inc.'s senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term debt rating of K2.
It also affirmed subsidiary United Community Bank's deposit and senior unsecured debt ratings of A-, subordinated debt rating of BBB+ and short-term deposit and debt ratings of K2.
Kroll's affirmation reflects the Blairsville, Ga.-based company's "favorable core funding profile" and "increased regional diversification," but the ratings are constrained by its "relatively acquisitive growth strategy, and ... weaker, though improving, overall operating efficiency."
The outlook for all long-term ratings is still "stable."
