KBRA Releases Surveillance Report for Atlantic Union Bankshares Corporation

On December 1, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred shares rating of BBB-, and the short-term debt rating of K2 for Richmond, Virginia based Atlantic Union Bankshares Corporation (NASDAQ: AUB). 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 the lead subsidiary, Atlantic Union Bank. The Outlook for the long-term ratings was revised to Stable from Positive.

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