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DBRS: Equitable Trust BBB
DBRS said it assigned a BBB deposits and senior debt rating to the Equitable Trust Co., along with a BBB (low) subordinated debt rating.
Its parent, Equitable Group Inc. also was assigned a BBB (low) senior debt rating.
The trend is stable.
While the company benefits from a low-cost structure, its business model and size results in a number of concentration-related risks, including little revenue diversification, geographic loan concentration and limited funding sources, the agency said.
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