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Published on 10/28/2011 in the Prospect News Convertibles Daily and Prospect News Investment Grade Daily.

Fitch affirms East West

Fitch Ratings said it affirmed East West Bancorp's long- and short-term issuer default ratings at BBB and F2, respectively.

The outlook is stable.

The affirmation of the issuer default ratings and stable outlook reflect the company's strong operating performance and improved asset quality, the agency noted.

Near-term upward rating momentum is tempered by rapid commercial and industrial growth and a downward trend in capital metrics, Fitch added.


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