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Kroll affirms WSFS Financial after deal announcement

Kroll Bond Rating Agency has affirmed WSFS Financial Corp.'s ratings, with a stable outlook, after news of its proposed acquisition of Beneficial Bancorp Inc.

The rating agency said it views the proposed deal as potentially favorable to WSFS Financial's creditors, as the strategic financial rationale for the proposed transaction is expected to leverage projected cost synergies linked to the deal by using part of them to enhance Beneficial Bancorp's technology infrastructure and customer-facing platform.