StockNews.AI
WSFS
StockNews.AI
15 days

Morningstar DBRS Assigns “A” Rating to WSFS Bank; WSFS Financial Corporation Receives “A (low)” Rating with Stable Outlook

1. Morningstar DBRS assigns 'A (low)' rating to WSFS Financial Corporation. 2. Stable credit trends may positively impact investor confidence in WSFS.

2m saved
Insight
Article

FAQ

Why Bullish?

The assignment of a favorable rating can enhance market perception and attract investors. Historical data shows similar ratings have led to price gains in the banking sector.

How important is it?

The rating could influence WSFS's borrowing costs and investor interest, impacting financial performance.

Why Short Term?

The ratings announcement is likely to lead to immediate market reactions, as investment decisions often follow credit ratings closely.

Related Companies

KEYSCFGTFC
WILMINGTON, Del.--(BUSINESS WIRE)--Morningstar DBRS assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”) with a Long-Term Issuer Rating of "A (low)". At the same time, Morningstar DBRS assigned a Long-Term Issuer Rating of “A” to WSFS Bank. The trends on all credit ratings are Stable. The Intrinsic Assessment (IA) for the Bank is “A,” while its Support Assessment is SA1. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is pos.

Related News