Business
Morningstar DBRS Assigns "A" Rating to WSFS Bank; WSFS Financial Corporation Receives "A (low)" Rating with Stable Outlook
WILMINGTON, Del., August 04, 2025--Morningstar DBRS assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) ("WSFS" or "the Company") with a Long-Term Issuer Rating of "A (low)". At the same time, Morningstar DBRS assigned a Long-Term Issuer Rating of "A" to WSFS Bank. The trends on all credit ratings are Stable. The Intrinsic Assessment (IA) for the Bank is "A," while its Support Assessment is SA1. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is posi
About this update from Wsfs Financial Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":800,"height":219,"url":"https://media.zenfs.com/en/business-wire.com/e90882e970d9dbbfba6fafd318b81e99"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/jnJWART3ARa6bLn.KsxESw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI2MztjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/e90882e970d9dbbfba6fafd318b81e99","width":800,"height":219},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/TAilsN_osjICJV3gxcMKkA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTE2MDA7aD00Mzg7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/e90882e970d9dbbfba6fafd318b81e99","width":800,"height":219}},"lazy":false},{"type":"text","content":"WILMINGTON, Del., August 04, 2025--(BUSINESS WIRE)--Morningstar DBRS assigned first time ratings to WSFS Financial Corporation (NASDAQ: WSFS) ("WSFS" or "the Company") with a Long-Term Issuer Rating of "A (low)". At the same time, Morningstar DBRS assigned a Long-Term Issuer Rating of "A" to WSFS Bank. The trends on all credit ratings are Stable. The Intrinsic Assessment (IA) for the Bank is "A," while its Support Assessment is SA1. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is positioned one notch below the Bank's IA. Morningstar DBRS’ debt ratings for WSFS can be accessed here.","length":674,"tagName":"p"},{"type":"text","content":""WSFS is pleased to add another strong debt rating of 'A (low)' from Morningstar DBRS to complement our existing investment-grade ratings from Moody’s and Kroll. This rating provides another validation of our strong balance sheet, capital, and liquidity profile, and will support our continued growth as well as new revenue opportunities within our Wealth and Trust business," said WSFS’ Executive Vice President and Chief Financial Officer, David Burg.","length":471,"tagName":"p"},{"type":"text","content":"Morningstar DBRS also noted the ratings are supported by WSFS’ well-established presence in its core markets as well as its significant and stable fee revenue base derived from diversified business lines. The balance sheet remains strong, reflecting ample deposit funding, and higher than peer levels of capital.","length":312,"tagName":"p"},{"type":"text","content":"Abo...