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Kroll assigns ratings to Preferred Bank


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Kroll assigns ratings to Preferred Bank

Kroll Bond Rating Agency on May 10 assigned several ratingsto Los Angeles-based PreferredBank, including a senior unsecured debt rating of A- and a depositrating of A-.

The rating agency also assigned a short-term deposit ratingof K2, a subordinated debt rating of BBB+ and a short-term debt rating of K2 tothe bank, and tagged all long-term ratings with a stable outlook.

Kroll pointed to the bank's credit culture, asset quality,profitability, organic growth, management team and underwriting standards aspositive factors that support its ratings.