Great Western Financial’s Debt Ratings Upgraded
- Share via
Fitch Investors Service has upgraded Great Western Financial Corp.’s senior debt to A-minus from BBB plus, while its preferred stock ratings have been upgraded to BBB from BBB-minus.
Debt ratings of Great Western Bank, a unit of Great Western Financial, were also upgraded by the credit rating company, Fitch Investors Service.
The bank’s senior debt rating was upgraded to A from A-minus, while subordinated debt was upgraded to ‘A-’ from ‘BBB+’.
The rating service said the ratings reflect improved asset quality and stability in California’s real estate markets, as well as lower costs.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
