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Kroll lifts outlook on Seacoast Banking ratings to positive from stable

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Kroll lifts outlook on Seacoast Banking ratings to positive from stable

Kroll Bond Rating Agency on Nov. 28 affirmed Seacoast Banking Corp. of Florida's senior unsecured debt rating of BBB, subordinated debt rating of BBB- and short-term debt rating of K3.

Kroll also affirmed subsidiary Seacoast National Bank's deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB and short-term deposit and debt ratings of K2.

The outlook for all long-term ratings was revised to positive from stable. The change reflects the Stuart, Fla.-based company's history of having successfully integrated acquisitions, the continued improvement of its asset quality and its notably better core earnings.