KBRA Releases Surveillance Report for Eagle Bancorp, Inc.
16 Oct 2023 | New York
On October 2, 2023, KBRA downgraded the senior unsecured debt rating to BBB from BBB+, the subordinated debt rating to BBB- from BBB, and the short-term debt rating to K3 from K2 for Bethesda, MD based Eagle Bancorp, Inc. (NASDAQ: EGBN) (“Eagle” or “the company”). Additionally, KBRA downgraded the deposit and senior unsecured debt ratings to BBB+ from A-, the subordinated debt rating to BBB from BBB+, and affirmed the short-term deposit and debt ratings of K2 for EGBN’s subsidiary, EagleBank. The Outlook for all long-term ratings is Stable.
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