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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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1002437

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