KBRA Assigns Senior Unsecured Debt Rating of A- to Chemical Financial Corporation

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) assigns a senior unsecured debt rating of A-, subordinated debt rating of BBB+, and short-term debt rating of K2 to Midland, Michigan based Chemical Financial Corporation (NASDAQ: CHFC). In addition, KBRA assigns deposit and senior unsecured debt ratings of A, a subordinated debt rating of A-, and short-term deposit and debt ratings of K1 to the lead subsidiary, Chemical Bank. The Outlook on all long-term ratings is Stable. The ratings