Bank Watch: Small Business Banks Floundering

Wednesday November 11, 2009 09:04 PM

Fitch Ratings has downgraded the long-term issuer default rating (IDR) of Central Pacific Bank, the bank subsidiary Central Pacific Financial, to ‘CCC’ from ‘B’. The downgrade ratings reflect the significant escalation of credit problems in both its California and Hawaii loan portfolios. Fitch said it expected the bank to endure increased credit stress in its Hawaii portfolio, as well as in its …

Read More >>>

Advertisements
Explore posts in the same categories: Bank Watch, US Economy

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: