KBRA Releases Surveillance Report for Bridgewater Bancshares, Inc.
NEW YORK, August 29, 2023--(BUSINESS WIRE)--On August 10, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, the preferred shares rating of BB+, and the short-term debt rating of K3 for St. Louis Park, Minnesota-based Bridgewater Bancshares, Inc. (NASDAQ: BWB) ("Bridgewater" or "the company"). KBRA also affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating BBB, and the short-term deposit and debt ratings of K2 for Bridgewater Bank, the main subsidiary. The Outlook for all long-term ratings was revised to Negative from Stable.
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About KBRA
KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.
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Contacts
Anna Jezerski, Senior Analyst
+1 301-960-7047 anna.jezerski@kbra.com
John Rempe, Director
+1 301-969-3045
john.rempe@kbra.com
Joe Scott, Senior Managing Director
+1 646-731-2438 joe.scott@kbra.com
Business Development
Justin Fuller, Senior Director
+1 312-680-4163 justin.fuller@kbra.com
