NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) has assigned a senior unsecured debt rating of BBB+, subordinated debt rating of BBB and short-term rating of K2 to Western Alliance Bancorporation (NYSE: WAL, “Western Alliance”), a bank holding company headquartered in Phoenix, Arizona. In addition, KBRA has assigned a long-term deposit rating of A-, senior unsecured debt rating of A-, subordinated debt rating of BBB+, and a short-term rating of K2 to its subsidiary, Western Alliance


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