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Kroll affirms California-based Community Bank ratings


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Kroll affirms California-based Community Bank ratings

Kroll Bond Rating Agency on Dec. 19 affirmed Pasadena, Calif.-based Community Bank's ratings.

It maintained the deposit and senior unsecured debt ratings at BBB+, the subordinated debt rating at BBB and the short-term deposit and debt ratings at K2.

The ratings reflect Community Bank's "prudent risk management" and the "enhanced infrastructure" proportionate to its size and complexity. However, they also take into consideration the limited diversity of the company's revenue streams and ownership.

The outlook for all long-term ratings is stable.