Category Moody's(1) KBRA(2)
SouthState Corporation
Outlook/Watch
Under Review
Positive
Issuer Rating
Baa3
BBB+
Subordinated Debt Rating
BBB
Short-term Debt Rating
K2
SouthState Bank N.A.
Outlook/Watch
Under Review Positive
Counterparty Risk Rating 
Baa2/P-2
Bank Deposits 
A3/P-2
Baseline Credit Assessment 
Baa2

Adjusted Baseline Credit Assessment 
Baa2

Counterparty Risk Assessment 
Baa1(cr)/P-2(cr)

Deposit Rating

A-
Issuer Rating
Baa3 A-
Subordinated Debt Rating
BBB+
Short-term Deposit Rating
K2
Short-term Debt Rating
K2

Source:

  1. Moody’s Investors Services, as of May 21, 2024
  2. Kroll Bond Rating Agency, LLC and its affiliates (“KBRA”), as of May 21, 2024