Morningstar DBRS Assigns a BBB (high) Credit Rating to Fulton Financial Corporation's $300 Million Subordinated Debt Issuance

Published: 2026-05-05 04:30:09 ET FULT

Published on 05/05/2026 at 04:30 am EDT

DBRS Inc. (Morningstar DBRS) assigns a final credit rating of BBB (high) with a Stable trend to Fulton Financial Corporation's (Fulton or the Company) $300 million; 5.95% Fixed-to-Floating Rate Subordinated Notes due 2036.

The Notes will be unsecured, subordinated obligations of the Company. Fulton intends to use the net proceeds from this offering to repay $195 million aggregate principal amount of its outstanding 3.25% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes.

The credit rating assigned to this newly issued debt instrument is based on the existing credit ratings of Fulton including Subordinated Debt. Please refer to 'Morningstar DBRS Confirms Fulton Financial Corporation's Long-Term Issuer Rating at A (low); Stable Trend' (https://dbrs.morningstar.com/research/455445) for more information, including all relevant disclosures.

The ratings listed above are based on the final term sheet and information provided by Fulton to Morningstar DBRS as of May 4, 2026.

Continuation of the rating is subject to the provision to Morningstar DBRS of timely and sufficient information and/or data for the purposes of monitoring the above-noted rating.

Information regarding Morningstar DBRS credit ratings, including definitions, policies, and methodologies, is available on dbrs.morningstar.com or contact us at [email protected].

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