KBRA Releases Surveillance Report for SouthState Corporation

On May 21, 2025, KBRA upgraded the senior unsecured debt rating to A- from BBB+, upgraded the subordinated debt rating to BBB+ from BBB, and affirmed the short-term debt rating of K2 for Winter Haven, Florida-based SouthState Corporation (NASDAQ: SSB). In addition, KBRA upgraded the deposit and senior unsecured debt ratings to A from A-, upgraded the subordinated debt rating to A- from BBB+, and upgraded the short-term deposit and debt ratings to K1 from K2 for its main subsidiary, SouthState Bank, National Association. The Outlook for all long-term ratings was revised to Stable from Positive following the upgrade.

To access ratings and relevant documents, click here.

Click here to view the report.