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Kroll affirms ratings for First National of Nebraska, subsidiary


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Kroll affirms ratings for First National of Nebraska, subsidiary

Kroll Bond Rating Agency affirmed the ratings of Omaha, Neb.-based First National of Nebraska Inc. and its subsidiary, First National Bank of Omaha.

Specifically, the rating agency affirmed First National's A- senior unsecured debt rating, BBB+ subordinated debt rating and K2 short-term debt rating. It also affirmed First National Bank's A deposit and senior unsecured debt ratings, its A- subordinated debt rating and its K1 short-term deposit and debt ratings.

The outlook for all long-term ratings is stable.

Kroll said the ratings are driven by First National of Nebraska's solid capital ratios, the stability of its overall deposit base and the company's solid banking franchise in its core Nebraska markets.