Kroll Bond Rating Agency on Oct. 6 assigned a senior unsecured debt rating of A-, subordinated debt rating of BBB+ and short-term debt rating of K2 for Dallas-based Hilltop Holdings Inc.

The ratings reflect the company's "highly diversified revenue mix" and "robust and low risk mortgage flow business."

Subsidiary PlainsCapital Bank was assigned deposit and senior unsecured debt ratings of A, a subordinated debt rating of A-, and short-term deposit and debt ratings of K1.

The outlook on the long-term ratings is stable.