---
schema_version: "secwatch.filing_event.v1"
accession: "0000936528-24-000117"
form_type: "8-K"
ticker: "WAFD"
cik: "0000936528"
company_name: "WAFD INC"
filed_at: "2024-08-23T23:59:59+00:00"
generated_at: "2026-05-31T07:57:26.470913+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# KBRA assigns first-time ratings to WaFd (WAFD) with stable outlook

## Summary
- KBRA assigned WaFd, Inc. senior unsecured debt at BBB+, subordinated at BBB, preferred shares at BBB-.
- Washington Federal Bank received deposit and senior unsecured debt ratings of A-; outlook stable.
- Ratings reflect conservative credit culture, pristine asset quality, and ample on-balance-sheet liquidity post $2.8B multifamily loan sale.
- Loan portfolio concentrated in residential mortgage (42%) and investor CRE (36%), but multifamily and office exposure considered lower risk.
- KBRA cites high-quality management, long-tenured team, and durable business model through cycles.

## SEC filing metadata
- accession: 0000936528-24-000117
- form_type: 8-K
- ticker: WAFD
- cik: 0000936528
- company_name: WAFD INC
- filed_at: 2024-08-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/936528/000093652824000117/0000936528-24-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/936528/000093652824000117/wfsl-20240822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000936528-24-000117
- JSON: https://secwatch.observer/filing/0000936528-24-000117.json
- Plain text: https://secwatch.observer/filing/0000936528-24-000117.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.