Atlantic Union Bankshares ratings affirmed with stable outlook

Atlantic Union Bankshares ratings affirmed with stable outlook
Ratings affirmed, stable outlook

Atlantic Union Bankshares remains under a stable long-term credit outlook after KBRA affirms ratings across the bank holding company and its lead banking unit. The action covers senior and subordinated debt, preferred shares and short-term obligations for the Richmond, Virginia-based group and its main subsidiary.

Highlights

  • KBRA on October 24, 2025, affirmed Atlantic Union Bankshares' BBB+ senior unsecured, BBB subordinated, BBB- preferred shares, and K2 short-term debt ratings.
  • Atlantic Union Bank's deposit and senior unsecured debt ratings remain at A-, subordinated debt at BBB+, and short-term deposit and debt at K2, with a Stable outlook for all long-term ratings.
  • The affirmed ratings and Stable outlook reflect ongoing surveillance of Atlantic Union Bankshares' credit profile, supporting funding stability for investors and no anticipated change in credit standing.

Affirmation covers holding company and bank

As reported by Kroll Bond Rating Agency, on October 24, 2025, KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, the preferred shares rating of BBB-, and the short-term debt rating of K2 for Atlantic Union Bankshares Corporation.

The agency also affirms ratings for the lead subsidiary, Atlantic Union Bank, including deposit and senior unsecured debt ratings of A-, a subordinated debt rating of BBB+, and short-term deposit and debt ratings of K2. The outlook for all long-term ratings remains Stable.

Credit profile supports funding stability

The rating action signals continued stability in the credit standing of the Virginia banking group and its core bank subsidiary. For investors and funding markets, affirmed ratings and a stable outlook indicate no immediate change in KBRA's view of the company's longer-term credit profile.

Atlantic Union Bankshares is based in Richmond, Virginia, and the surveillance action centers on the group's capital markets and deposit-related obligations. The decision reflects ongoing monitoring of the issuer rather than a new financing transaction or strategic deal.

Our earlier report on Fitch’s rating affirmation for CVB Financial and Citizens Business Bank covered the agency keeping the long-term issuer default ratings at 'BBB+' and short-term ratings at 'F2' with a Stable Outlook. We noted that the decision leaned on strong capital, solid asset quality, and steady earnings, while also weighing the integration of Heritage Commerce and the expected increase in commercial real estate concentration that still remains below regulatory guidance.

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