trending Market Intelligence /marketintelligence/en/news-insights/trending/xkzdet-lpdjjvz46-ekqhw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Kroll assigns ratings to PacWest Bancorp

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Kroll assigns ratings to PacWest Bancorp

Kroll Bond Rating Agency assigned a BBB+ senior unsecured debt rating, BBB subordinated debt rating and K2 short-term debt rating to Beverly Hills, Calif.-based PacWest Bancorp.

The rating agency also assigned A- deposit and senior unsecured debt ratings, a BBB+ subordinated debt rating and K2 short-term deposit and debt ratings to PacWest Bancorp subsidiary Pacific Western Bank.

The outlook for all the long-term ratings is stable.

Kroll said the ratings are supported by PacWest Bancorp's strong postcrisis profits, driven by the company's stable credit quality, good risk-adjusted margin and favorable efficiency metrics. The company also has a comparatively strong core deposit funding base and diversified loan book, solid core capital levels and management team expertise.

The ratings are constrained by the company's elevated credit risk profile and its reliance on spread revenue.