KBRA Releases Surveillance Report for WSFS Financial Corporation

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KBRA affirms WSFS Financial Corporation's debt and deposit ratings

NEW YORK--(BUSINESS WIRE)-- On August 9, 2023, KBRA affirmed the senior unsecured debt rating of A-, the subordinated debt rating of BBB+, and the short-term debt rating of K2 for Wilmington, Delaware based WSFS Financial Corporation (NASDAQ: WSFS)(“the company”). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A, the subordinated debt rating of A-, and the short-term deposit and debt ratings of K1 for its subsidiary, Wilmington Savings Fund Society, FSB. 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.

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Ben Rodriguez, Director

+1 301-969-3186

ben.rodriguez@kbra.com

Leah Hallfors, Senior Director

+1 301-969-3242

leah.hallfors@kbra.com

Joe Scott, Senior Managing Director

+1 646-731-2438

joe.scott@kbra.com

Business Development Contact

Justin Fuller, Senior Director

+1 646-731-1250

justin.fuller@kbra.com

Source: KBRA