Kroll Bond Rating Agency affirmed Holyoke, Mass.-based PeoplesBancorp MHC's senior unsecured debt rating of BBB, subordinated debt rating of BBB- and short-term debt rating of K3.

The rating agency also affirmed the deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for PeoplesBancorp unit PeoplesBank.

The outlook for all long-term ratings is stable.

The ratings are supported by the bank's "peer leading asset quality," among other things, according to Kroll.