Moody's confirms BancorpSouth Bank's ratings (long-term issuer Baa2) following merger close; outlook stable
Rating Action: Moody's confirms BancorpSouth Bank's ratings following merger close; outlook stable. Global Credit Research- 29 Oct 2021. New York, October 29, 2021-- Moody's Investors Service has confirmed all the ratings and assessments, including the baa1 standalone Baseline Credit Assessment, of BancorpSouth Bank, with the exception of the Prime-2 short-term counterparty risk rating and Prime-2 short-term counterparty risk assessment, which were affirmed.BancorpSouth Bank conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The company's segments are: Mortgage, which includes the mortgage banking activities of originating mortgage loans, selling mortgage loans in the secondary market and servicing the mortgage loans; Insurance Agencies, which serves as agents in the sale of commercial lines of insurance and lines of property and casualty, and life, among others; Wealth Management, which includes credit related products; and General Corporate and Other, which includes other activities not allocated to the segments.
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