Press Release|Financial Institutions
KBRA Releases Surveillance Report for First Northwest Bancorp
6 Mar 2024 | New York
On February 26, 2024, KBRA downgraded the senior unsecured debt rating to BBB- from BBB, downgraded the subordinated debt rating to BB+ from BBB-, and affirmed the short-term debt rating of K3 for Port Angeles, Washington-based First Northwest Bancorp. (NASDAQ: FNWB). In addition, KBRA downgraded the deposit and senior unsecured debt ratings to BBB from BBB+, the subordinated debt rating to BBB- from BBB, and the short-term debt and deposit ratings to K3 from K2 for its subsidiary, First Fed Bank. The Outlook for all long-term ratings is Stable.
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