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Kroll assigns debt ratings to HomeStreet

Kroll Bond Rating Agency assigned senior unsecured debt ratingsto Seattle-based HomeStreet Inc.and unit HomeStreet Bank.

The rating agency assigned the company a senior unsecured debtrating of BBB- and short-term debt rating of K3. The outlook on the senior unsecureddebt rating is stable. In addition, KBRA assigned the bank deposit and senior unsecureddebt ratings of BBB with a stable outlook, along with short-term deposit and short-termdebt ratings of K3.

The ratings reflect the company's "sound regulatory capitallevels, improving asset quality, and strong (and improving) earnings [since thedownturn]" — factors that are mitigated by weak historical performance, subparefficiency ratio and limited diversification in the loan portfolio.