Moody’s Investors Service reaffirmed its ratings for WSFS Financial Corporation, assigning an issuer rating of Baa2 with a stable outlook. WSFS Bank, the primary subsidiary, also received strong ratings, including long- and short-term deposits of A2/Prime-1 and a standalone Baseline Credit Assessment of Baa1.
These ratings reflect WSFS’s diversified business model, strong capital, and robust liquidity profile, characterized by low reliance on wholesale funding. David Burg, WSFS’ Executive Vice President and Chief Financial Officer, expressed satisfaction with the reaffirmation, noting it complements other investment-grade ratings.
The stable outlook from Moody's underscores the agency's confidence in WSFS's ability to maintain its financial strength and performance. This external validation is important for investor confidence and the company's standing in the financial markets.
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