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Byline Bancorp, Inc. Receives Credit Ratings Upgrade by KBRA

1. Byline Bancorp's credit ratings upgraded by Kroll Bond Rating Agency. 2. Strong financial outlook leads to improvements in debt ratings.

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FAQ

Why Bullish?

Upgrades from credit rating agencies typically enhance investor confidence. Historical instances show upgrades often correlate with stock price increases in the banking sector.

How important is it?

Credit rating upgrades are critical for financial institutions, affecting borrowing costs and investor perceptions. This development is likely to enhance Byline's attractiveness to investors.

Why Short Term?

Immediate market reaction expected due to the recent upgrade announcement. Similar past upgrades in the financial sector often resulted in short-term price rallies.

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KEYZIONCZR
CHICAGO--(BUSINESS WIRE)--Byline Bancorp, Inc. (NYSE: BY) ("Byline" or "the Company") announced that Kroll Bond Rating Agency, LLC (“KBRA”) has upgraded both Byline and its subsidiary, Byline Bank, credit ratings based on the Company's strong performance and financial outlook. KBRA upgraded Byline Bancorp, Inc. senior unsecured debt rating to BBB+ from BBB, upgraded the subordinated debt rating to BBB from BBB-, and upgraded the short-term debt rating to K2 from K3. In addition, KBRA upgraded B.

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