Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Latest Debt Ratings from KBRA Reflect the Strength and Stability of Northwest Bank

COLUMBUS, OH / ACCESSWIRE / September 11, 2023 / A series of debt ratings issued by Kroll Bond Rating Agency, LLC (KBRA) on August 23, 2023, demonstrate the solid financial position of Northwest Bancshares, Inc. (NASDAQ: NWBI) and its subsidiary, Northwest Bank. With NWBI's and Northwest's debt ratings of BBB or above based on the status of debt obligations across multiple categories, KBRA considers the outlook for all long-term ratings to be Stable.

KBRA notes that "the ratings are supported by NWBI's durable, low-cost and granular deposit franchise that has greatly benefitted the company during this period of rising interest rates and partially mitigates the interest rate risk stemming from its concentration in conventional residential mortgage loans."

Other positive factors cited by KBRA in affirming the debt ratings include the bank's stable credit quality metrics, low total cost of deposits, diversity of fee income and its expected ability to manage through a potential credit down cycle.

"We are pleased once again to receive this independent third-party validation as we continue to execute our strategic operating plan," said William W. Harvey, Jr, chief operating officer and chief financial officer, Northwest Bank and Northwest Bancshares, Inc. "These affirmed debt ratings from KBRA should provide additional comfort to our customers and shareholders that Northwest remains a well-capitalized, strong and stable financial institution."

KBRA, a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization, assigns credit ratings to debt issuers and their obligations using the same rating scale. KBRA's ratings are intended to reflect both the probability of default and severity of loss in the event of default, with greater emphasis on probability of default at higher rating categories.

The full press release from KBRA can be found here.

About Northwest Bancshares, Inc.
Headquartered in Columbus, Ohio, Northwest Bancshares, Inc. is the bank holding company of Northwest Bank. Founded in 1896 and headquartered in Warren, Pennsylvania, Northwest Bank is a full-service financial institution offering a complete line of business and personal banking products, as well as treasury management solutions and wealth management services. Northwest currently operates 134 full-service community banking offices and eight free standing drive-through facilities in Pennsylvania, New York, Ohio and Indiana. The common stock of Northwest Bancshares, Inc. is listed on the NASDAQ Global Select Market ("NWBI"). Additional information regarding Northwest Bancshares, Inc. and Northwest Bank can be accessed on-line at www.northwest.com.

###

Contact:

Melanie Clabaugh
(814) 728-7328
melanie.clabaugh@northwest.com
www.northwest.bank

SOURCE: Northwest Bancshares, Inc.



View source version on accesswire.com:
https://www.accesswire.com/782961/latest-debt-ratings-from-kbra-reflect-the-strength-and-stability-of-northwest-bank

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.