KBRA Upgrades and Subsequently Withdraws Ratings for Premier Financial Corp.
3 Mar 2025 | New York
Following the the completion of its previously announced merger with Wesbanco, Inc. (NASDAQ: WSBC) (KBRA Senior BHC rating: BBB+ / Stable Outlook) on February 28, 2025, KBRA upgrades Defiance, Ohio-based Premier Financial Corp.'s (NASDAQ: PFC) senior unsecured debt rating to BBB+ from BBB, upgrades the subordinated debt rating to BBB from BBB-, and upgrades the short-term debt rating to K2 from K3. In addition, KBRA upgrades the deposit and senior unsecured debt ratings to A- from BBB+, upgrades the subordinated debt rating to BBB+ from BBB, and affirms the short-term deposit and debt ratings of K2 for PFC's subsidiary, Premier Bank. Subsequently, KBRA withdraws all ratings for Premier Financial Corp. and Premier Bank.
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