KBRA Releases Surveillance Report for Western Alliance Bancorporation

On May 7, 2025, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred stock rating of BBB-, and the short-term debt rating of K2 for Western Alliance Bancorporation (NYSE: WAL), as well as the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for Western Alliance Bank ("the bank"). KBRA also affirmed the BBB+ Issuer rating for Western Alliance Trust Company, N.A., a wholly-owned subsidiary of WAL, as well as the A- Issuer rating for AmeriHome Mortgage Company, LLC, which remains a subsidiary of the bank. Additionally, the BBB preferred stock rating for BW Real Estate, Inc., a majority-owned REIT subsidiary of the bank, was also affirmed. The Outlook for all long-term ratings is Stable.

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