KBRA Releases Surveillance Report for Seacoast Banking Corporation of Florida

9 Nov 2023   |   New York

Contacts

On September 18, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Stuart, Florida based Seacoast Banking Corporation of Florida (NASDAQ: SBCF) (“the company”). In addition, KBRA affirmed 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 its subsidiary, Seacoast National Bank. The Outlook for all long-term ratings is Stable.

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About KBRA

KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

Doc ID: 1002584

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