Kroll Bond Rating Agency on May 25 affirmed Western Alliance Bancorp.'s senior unsecured debt rating of A-, subordinated debt rating of BBB+ and short-term debt rating of K2.
It also affirmed subsidiary Western Alliance Bank's deposit and senior unsecured debt ratings of A, subordinated debt rating of A- and short-term deposit and debt ratings of K1.
Kroll's affirmation reflects the Phoenix-based company's strong financial standing, which includes continued above-average earnings performance and a solid core capital base.
The outlook on all long-term ratings is "stable."
