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Kroll affirms ConnectOne Bancorp debt ratings

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Kroll affirms ConnectOne Bancorp debt ratings

Kroll Bond Rating Agency affirmed ConnectOne Bancorp Inc.'s BBB senior unsecured, BBB- subordinated and K3 short-term debt ratings.

Also affirmed were subsidiary ConnectOne Bank's deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB and short-term deposit and debt ratings of K2.

The outlook on all long-term ratings is stable.

The Englewood Cliffs, N.J.-based company's stable operating model and solid risk management and expertise in commercial lending within a favorable economic environment support its ratings, according to Kroll.