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Kroll affirms ratings of Missouri-based Great Southern Bancorp, unit

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Kroll affirms ratings of Missouri-based Great Southern Bancorp, unit

Kroll Bond Rating Agency affirmed the BBB senior unsecured debt rating, BBB- subordinated debt rating and K3 short-term debt rating for Springfield, Mo.-based Great Southern Bancorp Inc.

The rating agency also affirmed the BBB+ deposit and senior unsecured debt ratings, BBB subordinated debt rating and K2 short-term deposit and debt ratings for the company's unit, Great Southern Bank.

The outlook for all long-term ratings is stable.

Kroll noted that Great Southern Bancorp's solid core earnings trend, driven primarily by a historically favorable net interest margin from above-average loan yields, supports the ratings.