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Kroll affirms ratings for Israel Discount Bank of New York

Kroll Bond Rating Agency affirmed the A- senior unsecured debt and deposit ratings, BBB+ subordinated debt rating and K2 short-term debt and deposit ratings for Israel Discount Bank of New York.

The outlook for all long-term ratings is stable.

Among the factors supporting the ratings are the bank's comparatively strong capital profile, conservative balance sheet composition, better-than-average asset quality and favorable historical loss rates.

The bank is a subsidiary of Discount Bancorp Inc., which in turn is a unit of Israel Discount Bank Ltd.