Fitch revises East West view to stable

Fitch Ratings said it revised its outlook for East West Bancorp, Inc. to stable from positive and affirmed its BBB rating. The agency also affirmed the BB- ratings on the company’s preferred securities issued through trusts.

“The revision of the outlook to stable from positive reflects Fitch's expectation that deteriorating economic conditions over the rating horizon will present a more challenging operating environment for banks. Additionally, EWBC is uniquely exposed to deteriorating geopolitical relations, given its cross-border business lines,” the agency said in a press release.

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