BancorpSouth Bank Subordinated Notes Assigned 'BBB-' Rating, Preferred Stock Assigned 'BB' Rating

NEW YORK (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings said today that it assigned its 'BBB-' rating on BancorpSouth Bank's public offering of $300 million aggregate principal amount of its 4.125% fixed-to-floating rate subordinated notes due Nov. 20, 2029. The rating on the subordinated notes is linked to our issuer credit rating (ICR) on BancorpSouth Bank (BBB/Positive/A-2). The rating on the notes is one notch lower than the long-term ICR on the bank, reflecting the issue's subordination to the company's existing and future senior debt. S&P Global Ratings also assigned its 'BB' rating on BancorpSouth Bank's public offering of $150 million aggregate principal amount of its 5.5% series A noncumulative perpetual preferred stock, par value $0.01 per share. The

...November 15, 2019 NEW YORK (S&P Global Ratings) Nov. 15, 2019--S&P Global Ratings said today that it assigned its '###-' rating on BancorpSouth Bank's public offering of $300 million aggregate principal amount of its 4.125% fixed-to-floating rate subordinated notes due Nov. 20, 2029. The rating on the subordinated notes is linked to our issuer credit rating (ICR) on BancorpSouth Bank (###/Positive/A-2). The rating on the notes is one notch lower than the long-term ICR on the bank, reflecting the issue's subordination to the company's existing and future senior debt. S&P Global Ratings also assigned its '##' rating on BancorpSouth Bank's public offering of $150 million aggregate principal amount of its 5.5% series A noncumulative perpetual preferred stock, par value $0.01 per share. The rating on the preferred is linked to our ICR on BancorpSouth Bank and is three notches lower than the ICR, reflecting the issue's subordination to the company's existing and future senior debt, and the standard...

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