Byline Bancorp, Inc. announced on March 20, 2025, that Kroll Bond Rating Agency, LLC (KBRA) upgraded its credit ratings. KBRA elevated Byline Bancorp, Inc.'s senior unsecured debt rating to BBB+ from BBB, its subordinated debt rating to BBB from BBB-, and its short-term debt rating to K2 from K3.
Additionally, KBRA upgraded Byline Bank's long-term deposit rating to A- from BBB+, its senior unsecured rating to BBB+ from BBB, its subordinated rating to BBB from BBB-, and its short-term deposit rating to K2 from K3. These upgrades reflect the company's strong performance and positive financial outlook.
The improved credit ratings are a testament to Byline's robust financial health and disciplined management. This enhancement in credit standing can lead to more favorable terms on future borrowings, thereby reducing funding costs and potentially boosting overall profitability for the company.
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