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WSFS Financial Corp.'s A- Senior Unsecured Debt Rating Affirmed with Stable Outlook by KBRA, Reflecting Strong Earnings, Liquidity, Capital and Diversified Fee Revenue

1. Kroll reaffirmed WSFS's senior unsecured debt rating at A-. 2. Strong ratings for WSFS Bank support its financial stability.

Earnings
+1.29%Current Return
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+0.19%S&P 500
$58.2307/11 04:52 PM EDTEvent Start
$58.9807/14 05:03 PM EDTLatest Updated
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FAQ

Why Bullish?

Stable credit ratings reflect confidence in WSFS's financial health, positively affecting investor sentiment. Historical precedence shows companies with strong ratings often experience positive stock performance.

How important is it?

Strong credit ratings enhance WSFS's appeal to investors and may lower borrowing costs, influencing long-term performance. The affirmation serves as a signal of stability, vital in uncertain economic conditions.

Why Short Term?

Reaffirmation of credit ratings can lead to immediate investor confidence. Past examples show credit rating upgrades or reaffirmations typically influence stock prices swiftly.

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WILMINGTON, Del.--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has reaffirmed the senior unsecured debt rating of A- for WSFS Financial Corporation (NASDAQ: WSFS) (“WSFS” or “the Company”). KBRA also reaffirmed WSFS' subordinated debt rating of BBB+ and a short-term debt rating of K2. WSFS Bank, the Company's primary subsidiary, received strong credit ratings as well, including A ratings for both senior unsecured debt and deposit, a subordinated debt rating of A-, and the short-term debt an.

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