NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) publishes “Bank Preferred Notching – A Sensible Approach.” A review of the preferred stock ratings of U.S. bank holding companies (BHCs) maintained by legacy rating agencies reveals that for much of this fundamentally sound group, preferred ratings remain non-investment grade despite deposit / senior debt ratings that are comfortably investment grade; in many cases in the ‘A’ category. Is deferral risk on preferred instruments really th
