Heritage Commerce Corp announced on May 12, 2025, that Kroll Bond Rating Agency, LLC (KBRA) affirmed its credit ratings for both the Company and Heritage Bank of Commerce. The Company's senior unsecured debt rating was affirmed at BBB+, with a BBB rating for subordinated debt and K2 for short-term debt.
For Heritage Bank of Commerce, KBRA affirmed deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2. The outlook for the long-term ratings for both the Company and the Bank was graded as stable.
President and CEO Clay Jones noted that KBRA's report highlighted the company's disciplined and conservative approach to liquidity and capital management, which provided protection during uncertain credit and liquidity environments. The affirmation also recognized the company's solid credit quality position, attributed to prudent underwriting and robust monitoring.
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