Press Release|Financial Institutions
KBRA Releases Surveillance Report for Independent Bank Corporation
4 Jun 2024 | New York
On May 3, 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 Grand Rapids, Michigan based Independent Bank Corporation (NASDAQ: IBCP). In addition, 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 Independent Bank, the lead subsidiary. The Outlook for all long-term ratings is Stable.
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