Moody's ups Cathay United view to stable

Moody's Investors Service said it changed the outlook on the C- bank financial strength rating of Cathay United Bank to stable from negative. The bank's A2/prime-1 local- and foreign-currency deposit and A3 foreign-currency subordinated debt ratings are unaffected.

The change in outlook reflects the bank's improvement in earnings and capital adequacy against the backdrop of an improving operating environment, Moody's said.

Throughout the financial crisis, the bank's asset quality held up well, outperforming its peers, the agency said.

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