Press Release|Financial Institutions
KBRA Releases Surveillance Report for Cambridge Financial Group, Inc.
14 Mar 2024 | New York
On March 1, 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 Cambridge, Massachusetts-based Cambridge Financial Group, Inc. 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 the subsidiary, Cambridge Savings Bank. The Outlook for all long-term ratings was revised to Negative from Stable.
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