WILMINGTON, DE — Moody’s Investors Service has reaffirmed WSFS Financial Corporation (NASDAQ: WSFS) and WSFS Bank with investment-grade ratings, citing the company’s diversified business model and strong financial position.
The agency maintained issuer ratings of Baa2 with a stable outlook, along with deposit ratings of A2/Prime-1 and a standalone Baseline Credit Assessment of Baa1. Additionally, Moody’s assigned Counterparty Risk Assessment ratings of A3(cr)/Prime-2(cr) and Counterparty Risk Ratings of Baa1/Prime-2 in both local and foreign currency.
WSFS leadership welcomed the reaffirmation, highlighting that the stable outlook reflects the company’s solid balance sheet, capital strength, and robust liquidity profile. “The reaffirmation by Moody’s of our investment-grade rating and stable outlook continues to be a testament to our diversified business model and the strength of our balance sheet,” said David Burg, Executive Vice President and Chief Financial Officer.
The announcement complements WSFS’s existing investment-grade ratings from Morningstar DBRS and KBRA, further reinforcing its financial standing in the marketplace.
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