Flushing Financial Maintains Its Investment Grade Rating by Kroll Bond Rating Agency, Inc.
UNIONDALE, N.Y., Nov. 09, 2022 (GLOBE NEWSWIRE)
Flushing Financial Corporation (the “Company”) (Nasdaq: FFIC), the parent holding company for Flushing Bank (the “Bank”), announced today that Kroll Bond Rating Agency (“KBRA”), a full-service rating agency, reaffirmed an investment grade rating for the Company and the Bank. These ratings are based on KBRA’s Bank and
Flushing Financial Corporation has received a vote of confidence from Kroll Bond Rating Agency, as they have maintained an investment grade rating for both the Company and its subsidiary, Flushing Bank. This is great news for the financial institution, as it demonstrates their stability and reliability in the market.
KBRA is known for providing thorough and comprehensive assessments of financial institutions, and their decision to reaffirm Flushing Financial Corporation’s investment grade rating speaks volumes about the company’s financial health and management. Investors can be reassured that Flushing Bank is a strong and secure institution to place their trust and investments in.
With this positive rating, Flushing Financial Corporation can continue to attract investors and grow its business with confidence. The reaffirmation of their investment grade rating is a testament to the hard work and dedication of the team at Flushing Bank, and it sets a solid foundation for future success in the financial industry.
How will this affect me?
As a customer or potential investor of Flushing Bank, the maintenance of an investment grade rating by KBRA is a positive sign. It indicates that the bank is a trustworthy and stable financial institution, which can provide you with a secure place to deposit your funds or invest in various financial products. You can have confidence in the bank’s ability to manage your money effectively and responsibly.
How will this affect the world?
The reaffirmation of Flushing Financial Corporation’s investment grade rating by KBRA not only benefits the company and its stakeholders, but it also contributes to the overall stability of the financial industry. A strong and reliable bank like Flushing Bank can help maintain trust and confidence in the market, which is essential for a healthy and thriving economy. This positive rating reflects well on the financial sector as a whole, showcasing the strength and resilience of key players in the industry.
Conclusion
Flushing Financial Corporation’s maintenance of its investment grade rating by Kroll Bond Rating Agency, Inc. is a significant achievement that highlights the company’s strong position in the market. This reaffirmation will have a positive impact on both customers and the financial industry as a whole, providing stability and confidence in the midst of economic uncertainties.
