trending Market Intelligence /marketintelligence/en/news-insights/trending/jkjpigvh62xiykf0vwf7aq2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kroll affirms Home BancShares ratings, changes outlook to 'positive'

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Kroll affirms Home BancShares ratings, changes outlook to 'positive'

Kroll Bond Rating Agency on March 21 changed its outlook on Home BancShares Inc.'s long-term ratings to "positive" from "stable."

The change was attributed to the Conway, Ark.-based company's improved levels of loan concentration, nonperforming assets and core deposits.

Kroll also affirmed Home's senior unsecured debt rating of BBB, subordinated debt rating of BBB- and short-term debt rating of K3. Subsidiary Centennial Bank's deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB and short-term deposit and debt ratings of K2 were affirmed as well. The ratings reflect a solid earnings history and better-than-average efficiency, but are constrained by Home's acquisitiveness and "an element of key-person risk."