KBRA Releases Surveillance Report for Customers Bancorp, Inc.
19 Oct 2023 | New York
On May 4, 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 Customers Bancorp, Inc. (NYSE: CUBI), a bank holding company headquartered in West Reading, PA. KBRA also 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 bank subsidiary, Customers Bank. The Outlook for all long-term ratings is Stable. These actions reflected the resolution of the Watch Developing status that was placed on March 14, 2023.
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