NEW YORK–(COMMERCIAL THREAD) – Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB, a subordinated debt rating of BBB- and a short term rating of K3 to Atlantic Capital Bancshares, Inc. (âACBIâ, âAtlantic Capitalâ, or âthe Companyâ), a banking holding company headquartered in Atlanta, Georgia. In addition, KBRA has assigned a senior unsecured debt / deposit rating of BBB + and a short term rating of K2 to its subsidiary Atlantic Capital Bank (âthe Bankâ). The outlook for all ratings is stable.
Ratings are underpinned by ACBI’s adequate market share in key geographies, an experienced management team and historically strong asset quality metrics.
These strengths are offset by the large concentrations of commercial and industrial (C&I) and commercial real estate (CRE) loans, the compact geographic footprint in the Southeast, and the exposure to Georgia’s economy, which has been significantly affected. during the crisis years, as well as integrating factors related to an announced merger deal.
Ratings are based on KBRA Rating methodology for global banks and bank holding companies published January 28, 2015.
Please use the following link to access the report: www.krollbondratings.com/show_report/2741
About the Kroll Bond rating agency
KBRA is registered with the United States Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). Additionally, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).