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Kroll Bond Rating Agency Assigns A-/K2 Ratings to Israel Discount Bank of New York

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NEW YORK--(BUSINESS WIRE)--Kroll Bond Rating Agency (KBRA) assigns long-term deposit/senior unsecured debt ratings of A-, short-term deposit/debt ratings of K2, and a subordinated debt rating of BBB+ to Israel Discount Bank of New York (“IDBNY” or “the Bank”). The rating outlook is stable. The ratings of IDBNY are supported by the Bank’s conservative management, strong asset quality, and healthy liquidity and capital position. The ratings are constrained by the Bank’s relatively low profitabili

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