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DBRS confirms Wintrust
DBRS said it confirmed the ratings of Wintrust Financial Corp., including the long-term issuer rating of A (low) and short-term issuer rating of R-1 (low).
At the same time, the agency confirmed the ratings of its primary banking subsidiary, Wintrust Bank.
The trend is stable.
The intrinsic assessment for the bank is A, while its support assessment remains SA1. The company’s support assessment is SA3 and its long-term issuer rating is positioned one notch below the bank’s intrinsic assessment.
DBRS said the ratings reflect Wintrust’s growing banking franchise within the Chicago and Milwaukee metro areas, as well as its strong balance sheet fundamentals.
Moreover, the company’s strong risk profile has resulted in favorable asset quality through the cycle, supported by a conservative and proactive credit culture, the agency said.
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