trending Market Intelligence /marketintelligence/en/news-insights/trending/KHSBNicEd0oj1CdBnabzgQ2 content esgSubNav
In This List

Kroll affirms Alerus debt ratings

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Kroll affirms Alerus debt ratings

Kroll Bond Rating Agency on Dec. 5 affirmed Alerus Financial Corp.'s senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term debt rating of K2.

It also affirmed subsidiary Alerus Financial NA's senior unsecured debt and deposit ratings of A-, subordinated debt rating of BBB+ and short-term debt and deposit ratings of K2.

All the long-term ratings have a "negative" outlook, reflecting "the significant decline" in the Grand Forks, N.D.-based company's capital ratios and its "elevated double leverage." That said, the ratings affirmation acknowledges Alerus' resilience under Kroll's stress-test scenarios, its "seasoned" management team and its "well diversified revenue sources."