KBRA Releases Surveillance Report for Banc of California, Inc.

On December 6, 2024, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Banc of California, Inc. (NYSE: BANC). KBRA also upgraded the preferred stock rating to BB+ from BB for BANC. Additionally, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the lead subsidiary, Banc of California. The Outlook for all long-term ratings is Stable.

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