Press Release|Financial Institutions
KBRA Releases Surveillance Report for The First Bancshares, Inc.
22 Apr 2024 | New York
On April 5, 2024, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Hattiesburg, Mississippi-based The First Bancshares, Inc. (NASDAQ: FBMS). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for The First Bank, the main subsidiary. The Outlook for all long-term ratings is Stable.
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