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Stock impact report

Morningstar DBRS Assigns Initial Long-Term Issuer Ratings of BBB to FVCbank; FVCBankcorp, Inc. Receives BBB (low) Rating with Stable Outlook

FVCBankcorp, Inc. (FVCB) 
NASDAQ:AMEX Investor Relations: snl.com/irw/corporateprofile/4624250
Company Research Source: Business Wire
FAIRFAX, Va.--(BUSINESS WIRE)--Morningstar DBRS assigned initial credit ratings to FVCBankcorp, Inc. (NASDAQ: FVCB) (“the Company”), including a Long-Term Issuer Rating of BBB (low) with a Stable trend. Additionally, Morningstar DBRS also assigned credit ratings to the Company’s subsidiary, FVCbank (the “Bank”), including a Long-Term Issuer Rating of BBB with a Stable trend. The Intrinsic Assessment (IA) for the Bank is BBB while the Support Assessment is SA1, reflecting the expectation of internal support provided by the Company. The Company's Support Assessment is SA3, and the Long-Term Issuer Rating is positioned one notch below the IA. Morningstar DBRS’ debt ratings for the Company and the Bank can be accessed here.“We are extremely pleased to have been assigned initial investment grade credit ratings from Morningstar DBRS for both the Company and the Bank. These ratings are a result of our improved financial performance, our continued strong asset quality, well-capitalized ba Show less Read more
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