Press Release|Financial Institutions
KBRA Releases Surveillance Report for Stellar Bancorp, Inc.
3 Jan 2025 | New York
On November 8, 2024, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Houston, Texas-based Stellar Bancorp, Inc. (NYSE: STEL). In addition, KBRA 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 lead subsidiary, Stellar Bank. The Outlook for all long-term ratings is Stable.
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