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KBRA Releases Surveillance Report for Dime Community Bancshares, Inc.
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary
KBRA affirms ratings for Dime Community Bancshares, Inc.
Positive
KBRA affirms deposit and debt ratings of BBB+ for Dime Community Bank
Negative
Outlook for long-term ratings revised to Stable from Positive
NEW YORK--(BUSINESS WIRE)--
On June 20, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred stock rating of BB+, and the short-term debt rating of K3 for Hauppauge, New York-based Dime Community Bancshares, Inc. (NASDAQ: DCOM) ("Dime" or "the company"). 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 lead subsidiary, Dime Community Bank. The Outlook for all long-term ratings was revised to Stable from Positive.
To access rating and relevant documents, click here.
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.
