KBRA Publishes Ratings for STAR Financial Group, Inc.

KBRA publishes the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for STAR Financial Group, Inc. (“the company”), a bank holding company headquartered in Fort Wayne, IN. KBRA additionally publishes 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 bank subsidiary, STAR Financial Bank. On September 8, 2021, KBRA assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3 to STAR Financial Group, Inc. on a published basis; KBRA also assigned deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 to STAR Financial Bank on a published basis. On September 25, 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of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for STAR Financial Group, Inc. on an unpublished basis; KBRA also affirmed deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2 for STAR Financial Bank on an unpublished basis. The Outlook for all long-term ratings is Stable.

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