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Moody's Reaffirms WSFS Financial Corp's Baa2 Issuer Rating with a Stable Outlook; Reflects Diversified Business Model, Strong Capital, and Earnings Strength

1. Moody's reaffirms WSFS ratings with a stable outlook indicating financial stability.

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FAQ

Why Bullish?

Stable credit ratings from Moody's typically reflect strong financial health, positively influencing investor confidence. Previous instances of rating affirmations often corresponded with a positive market response.

How important is it?

The article directly discusses WSFS’s credit ratings, which significantly impact its financial health and market perception. These factors contribute to its stock valuation and investor decisions.

Why Short Term?

Positive credit ratings can lead to immediate upticks in stock prices, driven by investor sentiment. The reaffirmation from Moody's is likely to influence short-term trading behavior.

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WILMINGTON, Del.--(BUSINESS WIRE)--Moody's Investors Service has reaffirmed their ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) and WSFS Bank with issuer ratings of Baa2 with a stable outlook. Long-and short-term deposits of A2/Prime-1, together with a standalone Baseline Credit Assessment of Baa1. Moody's has also assigned Counterparty Risk Assessment of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings (local and foreign currency) of Baa1/Prime-2. Moody's debt.

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