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Moody's affirms ratings of INTRUST Financial, unit

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According to Market Intelligence, April 2023


Moody's affirms ratings of INTRUST Financial, unit

Moody's affirmed the ratings and assessments of INTRUST Financial Corp. and its unit, INTRUST Bank NA.

The rating agency affirmed INTRUST Financial's issuer rating at Baa2.

Among the ratings affirmed by the agency were INTRUST Bank's issuer rating at Baa2, baseline credit assessment at "baa1," long- and short-term counterparty risk assessments at A3(cr)/Prime-2(cr), long- and short-term counterparty risk ratings at Baa1/Prime-2 and long- and short-term deposit ratings at A2/Prime-1.

The outlook is stable.

Moody's said the ratings and assessments affirmation reflects the agency's unchanged assessment of the company's stand-alone baseline credit assessment, which takes into account the benefits to creditors from its strong liquidity profile, supported by good core deposit funding base, high levels of liquid assets and stable profitability.