KBRA Releases Surveillance Report for Renasant Corporation

Rhea-AI Summary

KBRA affirms ratings for Renasant Corporation and Renasant Bank

Positive

• KBRA affirms the senior unsecured debt rating of BBB+ for Renasant Corporation
• KBRA affirms the deposit and senior unsecured debt ratings of A- for Renasant Bank

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- On July 27, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Tupelo, Mississippi-based Renasant Corporation (NASDAQ: RNST) (“the company”). 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 its subsidiary, Renasant Bank. The Outlook for all long-term ratings is Stable.

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About KBRA

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230907214076/en/

Brian Ropp, Managing Director

+1 301-969-3244

brian.ropp@kbra.com



Jason Szelc, Senior Director

+1 301-969-3174

jason.szelc@kbra.com



Joe Scott, Senior Managing Director

+1 646-731-2438

joe.scott@kbra.com



Business Development



Justin Fuller, Senior Director

+1 646-731-1250

justin.fuller@kbra.com

Source: KBRA