S&P lifts Compeer Financial

S&P said it raised its long-term issuer credit rating on Compeer Financial, ACA to BBB+ from BBB.

The outlook is stable.

The agency said the one-notch upgrade of Compeer acknowledges that the association has maintained its solid track record of strong earnings, low credit losses and robust capital since about doubling in size with the July 2017 merger with 1st Farm Credit Services and Badgerland Financial.

“We believe the merger has improved the association's franchise, and we have gained confidence that it will retain its high level of capital,” S&P said in a news release.

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