KBRA Releases Surveillance Report for Webster Financial Corporation

On February 3, 2023, KBRA affirmed the senior unsecured debt rating of A-, the subordinated debt rating of BBB+, the preferred stock rating of BBB, and the short-term debt rating of K2 for Connecticut-based Webster Financial Corporation (NYSE: WBS) (“Webster” or “the company”). KBRA also affirmed the deposit and senior unsecured debt ratings of A, the subordinated debt rating of A-, and the short-term deposit and debt ratings of K1 for Webster Bank, N.A. (“Webster Bank”), its principal subsidiary. The Outlook for all long-term ratings is Stable.

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