KBRA Releases Surveillance Report for Brookline Bancorp, Inc.
1 Nov 2023 | New York
On October 6, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Boston, Massachusetts-based Brookline Bancorp, Inc. (NASDAQ: BRKL). 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 subsidiary banks, Brookline Bank and Bank Rhode Island. Moreover, KBRA assigned deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for the recently acquired subsidiary bank, PCSB Bank. The Outlook for all long-term ratings is Stable.
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