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KBRA Releases Surveillance Report for Southside Bancshares, Inc.
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(Low)
Rhea-AI Sentiment
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Rhea-AI Summary
KBRA affirms ratings for Southside Bancshares, Inc.
Positive
None.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
On August 11, 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 Tyler, Texas-based Southside Bancshares, Inc. (NASDAQ: SBSI) (“the company”). KBRA also 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 the bank subsidiary, Southside Bank. The Outlook for all long-term ratings is Stable.
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.
