Orange County Bancorp Inc. Receives Stable Credit Ratings from KBRA with BBB for Senior Unsecured Debt
Reuters
Sep 10
Orange County Bancorp Inc. Receives Stable Credit Ratings from KBRA with BBB for Senior Unsecured Debt
Orange County Bancorp Inc., based in Middletown, New York, has received new credit ratings from KBRA. The company has been assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB-, and a short-term debt rating of K3. Its main subsidiary, Orange Bank & Trust Company, received deposit and senior unsecured debt ratings of BBB+, a subordinated debt rating of BBB, and short-term deposit and debt ratings of K2. The outlook for all long-term ratings is stable, reflecting the bank's strong deposit franchise and conservative liquidity management.
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