Moody's rates Bank OZK preferreds Ba2

Moody's Investors Service said it assigned a Ba2 (hyb) rating to non-cumulative preferred stock issued by Bank OZK.

“The assigned Ba2(hyb) rating on the preferred stock incorporates Bank OZK's baa2 stand-alone baseline credit assessment (BCA) and the instrument's dividend features and follows Moody's typical notching practices for U.S. regional banks resulting from the application of its advanced loss-given-failure analysis,” the agency said in a press release.

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