OceanFirst Financial Corp. and OceanFirst Bank N.A. Receive Moody’s Investment Grade Ratings
OceanFirst Financial Corp and its subsidiary OceanFirst Bank N.A. have received first-time investment grade ratings from Moody's Ratings. The Bank received deposit ratings of A3/Prime-2, while the holding company received an issuer rating of Baa3. OceanFirst Bank, founded in 1902, is a $13.5 billion regional bank operating throughout New Jersey and major metropolitan areas between Massachusetts and Virginia. The company has maintained investment grade ratings from Kroll Bond Rating Agency since 2016, with only 1% of U.S. banks receiving Moody's Investment Grade rating.
OceanFirst Financial Corp e la sua controllata OceanFirst Bank N.A. hanno ricevuto per la prima volta valutazioni di investimento di grado da Moody's Ratings. La banca ha ottenuto un rating sui depositi di A3/Prime-2, mentre la holding ha ricevuto un rating emittente di Baa3. OceanFirst Bank, fondata nel 1902, è una banca regionale da 13,5 miliardi di dollari che opera in tutto il New Jersey e nelle principali aree metropolitane tra Massachusetts e Virginia. L'azienda ha mantenuto valutazioni di investimento di grado da Kroll Bond Rating Agency dal 2016, con solo l'1% delle banche statunitensi che ha ricevuto il rating di grado di investimento di Moody's.
OceanFirst Financial Corp y su subsidiaria OceanFirst Bank N.A. han recibido por primera vez calificaciones de grado de inversión de Moody's Ratings. El banco obtuvo calificaciones de depósitos de A3/Prime-2, mientras que la empresa matriz recibió una calificación emisora de Baa3. OceanFirst Bank, fundada en 1902, es un banco regional de 13.5 mil millones de dólares que opera en todo Nueva Jersey y en las principales áreas metropolitanas entre Massachusetts y Virginia. La compañía ha mantenido calificaciones de grado de inversión de Kroll Bond Rating Agency desde 2016, con solo el 1% de los bancos estadounidenses recibiendo la calificación de grado de inversión de Moody's.
OceanFirst Financial Corp와 그 자회사 OceanFirst Bank N.A.가 Moody's Ratings로부터 처음으로 투자 등급 평점을 받았습니다. 은행은 A3/Prime-2의 예금 평점을 받았고, 모회사인 OceanFirst Financial Corp은 Baa3의 발행자 등급을 받았습니다. 1902년에 설립된 OceanFirst Bank는 뉴저지 전역과 매사추세츠와 버지니아 사이의 주요 도시 지역에서 운영되는 135억 달러 규모의 지역 은행입니다. 이 회사는 2016년부터 Kroll Bond Rating Agency로부터 투자 등급 평점을 유지하고 있으며, 미국 은행 중 Moody's 투자 등급 평점을 받은 은행은 1%밖에 되지 않습니다.
OceanFirst Financial Corp et sa filiale OceanFirst Bank N.A. ont reçu pour la première fois des notations de qualité d'investissement de Moody's Ratings. La banque a obtenu des notations de dépôts de A3/Prime-2, tandis que la société mère a reçu une notation d'émetteur de Baa3. OceanFirst Bank, fondée en 1902, est une banque régionale de 13,5 milliards de dollars qui opère dans tout le New Jersey et dans les grandes zones métropolitaines entre le Massachusetts et la Virginie. La société a maintenu des notations de qualité d'investissement de Kroll Bond Rating Agency depuis 2016, avec seulement 1 % des banques américaines ayant reçu la notation de qualité d'investissement de Moody's.
OceanFirst Financial Corp und ihre Tochtergesellschaft OceanFirst Bank N.A. haben zum ersten Mal Investment-Grade-Ratings von Moody's Ratings erhalten. Die Bank erhielt Einlagenratings von A3/Prime-2, während die Holdinggesellschaft eine Emittentenbewertung von Baa3 erhielt. OceanFirst Bank, gegründet im Jahr 1902, ist eine regionale Bank mit 13,5 Milliarden Dollar, die in ganz New Jersey und in großen städtischen Gebieten zwischen Massachusetts und Virginia tätig ist. Das Unternehmen hat seit 2016 Investment-Grade-Ratings von der Kroll Bond Rating Agency aufrechterhalten, wobei nur 1 % der US-Banken ein Moody's Investment-Grade-Rating erhalten haben.
- Received Moody's investment grade ratings (A3/Prime-2 for Bank, Baa3 for Holding Company)
- Belongs to top 1% of U.S. banks with Moody's Investment Grade rating
- Substantial asset base of $13.5 billion
- Maintains investment grade ratings from Kroll Bond Rating Agency since 2016
- None.
Insights
The Moody's investment grade ratings represent a significant milestone for OceanFirst Financial, placing them in an elite group of just
- Lower borrowing costs for future debt issuance
- Enhanced credibility with institutional investors and counterparties
- Improved access to capital markets
OceanFirst Bank N.A. receives Deposit Ratings of A3/Prime-2 and OceanFirst Financial Corp. receives an Issuer Rating of Baa3
RED BANK, N.J., Nov. 06, 2024 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:OCFC) (the “Company”), the holding company for OceanFirst Bank N.A. (the “Bank”), announced today first time ratings issued by Moody’s Ratings.
Christopher D. Maher, OceanFirst Financial Corp. Chairman and Chief Executive Officer, commented about the Moody’s Rating, “Just
Moody’s Ratings announced the first-time ratings for OceanFirst Financial Corp. and OceanFirst Bank N.A. in a press release issued on November 5, 2024. A more detailed report from Moody’s Ratings is expected in the coming weeks.
In addition to the Moody’s Ratings, the Company and the Bank have had investment grade ratings from Kroll Bond Rating Agency since 2016.
OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a
Company Contact:
Jill Apito Hewitt
Director Corporate Communications
OceanFirst Financial Corp.
Tel: (732) 240-4500, ext. 27513
Email: jhewitt@oceanfirst.com
FAQ
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