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Kroll affirms debt ratings of Old Line Bancshares

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Kroll affirms debt ratings of Old Line Bancshares

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

Also affirmed were the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB and the short-term deposit and debt ratings of K2 of Old Line Bancshares unit Old Line Bank.

According to the rating agency, the Bowie, Md.-based company's solid asset quality metrics and prudent underwriting practices, relatively strong earnings metrics and favorable performance during the financial downturn, and an experienced management team, among other things, support the ratings.

The outlook on all long-term ratings is stable.