Moody's rates Prudential Bank

Moody's Investors Service said it assigned first-time ratings of B- for bank financial strength and A1 and Prime-1 to the long- and short-term deposits of Prudential Bank & Trust, FSB.

In the same rating action, Moody's said it also assigned an A1 issuer rating and long- and short-term other senior obligations ratings of A1 and Prime-1, respectively.

The outlook is stable.

Moody's said that the inherent strength of the bank is captured in the B- bank financial strength rating and reflects Prudential Bank's strong core profitability, minimal credit risk, healthy liquidity and sound capital adequacy.

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