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KBRA Assigns Senior Unsecured Debt Rating of A- for Hilltop Holdings Inc.

(October 06, 2017)

NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of A-, subordinated debt rating of BBB+, and short-term debt rating of K2 for Dallas, Texas based Hilltop Holdings Inc. (NYSE:HTH). In addition, KBRA has assigned deposit and senior unsecured debt ratings of A, a subordinated debt rating of A-, and short-term deposit and debt ratings of K1 for PlainsCapital Bank, the lead subsidiary. The Outlook on all long-term ratings is Stable.


The ratings are supported by Hilltops comparatively strong earnings performance, highly diversified revenue mix, strong positioning in the Texas market at PlainsCapital Bank, robust and low risk mortgage flow business with the ability to maintain sufficient scale, well positioned broker-dealer franchise, strong capital position, diversified funding mix, and favorable asset quality metrics and loss history. The ratings are largely constrained by geographic concentration compared with larger, regional financial institutions. There also exists some potential for merger and acquisition risks, though any concerns are largely mitigated by managements considerable acquisition experience.

To access the full report, click here.

The ratings are based on KBRAs Global Bank and Bank Holding Company Rating Methodology published on February 19, 2016.


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About Kroll Bond Rating Agency

KBRA is registered with the U.S. Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization (NRSRO). In addition, KBRA is recognized by the National Association of Insurance Commissioners (NAIC) as a Credit Rating Provider (CRP).


Contacts

Kroll Bond Rating Agency
Analytical:
M Scott Durant, Associate Director
301-969-3248
[email protected]
or
Joe Scott, Managing Director
646-731-2438
[email protected]
or
Van Hesser, Senior Managing Director
646-731-2305
[email protected]


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