Kroll Bond Rating Agency has affirmed Hilltop Holdings Inc.'s A- senior unsecured debt rating, BBB+ subordinated debt rating and K2 short-term debt rating.

The rating agency also affirmed the deposit and senior unsecured debt ratings of A, subordinated debt rating of A-, and short-term deposit and debt ratings of K1 for Hilltop Holdings unit PlainsCapital Bank.

The outlook on all long-term ratings is stable.

Hilltop Holdings' ratings are supported by its diversified revenue mix, strong consolidated capital position and conservative approach to capital management, favorable asset quality metrics and loss history, the rating agency said.