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Kroll affirms debt ratings of Santa Rosa, Calif.-based Luther Burbank, unit

Dec 03, 2018 - SNL Financial

Kroll Bond Rating Agency affirmed Santa Rosa, Calif.-based Luther Burbank Corp.'s senior unsecured debt rating of BBB, subordinated debt rating of BBB- and short-term debt rating of K3.

The rating agency also affirmed subsidiary Luther Burbank Savings' deposit and senior unsecured debt ratings of BBB+, subordinated debt rating of BBB and short-term deposit and debt ratings of K2.

Luther Burbank remained profitable through several economic cycles, even during the financial crisis, Kro...