Kroll Bond Rating Agency on Oct. 18 affirmed Israel Discount Bank of New York's A- senior unsecured debt and deposit ratings, BBB+ subordinated debt rating and K2 short-term debt and deposit ratings.
The outlook for all long-term ratings is "stable."
The rating agency said the ratings reflect the bank's "comparatively strong capital profile, better-than average asset quality, and favorable historical loss rates."
Additionally, the bank's "comprehensive liquidity and stress testing infrastructure, and conservative credit risk appetite" along with the management team's "extensive knowledge of [its] high-profile customer base" also support the ratings.
New York-based Israel Discount Bank of New York is a unit of Discount Bancorp Inc., which, in turn, is a unit of Israel-based Israel Discount Bank Ltd.