Fitch affirms Security Bank’s ‘BB’ rating

Fitch Ratings recently affirmed Security Bank Corp.’s (SBC) long-term issuer default ratings (IDRs) at “double B” (BB) and its viability ratings (VR) at “BB” with a stable outlook.

“The VR and IDRs as well as the National Rating of Security Bank reflects its strong core capitalization, improving loan loss reserves, as well as its sound funding, liquidity and domestic franchise,” Fitch Ratings said in a press statement.