DBRS confirms Astoria at BBB

DBRS said it confirmed the ratings of Astoria Financial Corp., along with its thrift subsidiary, Astoria Federal Savings & Loan Association, including its issuer and senior debt rating of BBB.

The trend remains stable.

DBRS said the confirmation follows its detailed review of the company's operating performance, financial fundamentals and future prospects.

The ratings are underpinned by Astoria's conservative risk profile exemplified by sound asset quality and a solid capital position, which provides adequate loss absorption capacity, the agency said.

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