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Fitch affirms First Hawaiian Bank


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Fitch affirms First Hawaiian Bank

Fitch Ratings on Dec. 14 affirmed First Hawaiian Bank's A long-term issuer default rating, A+ long-term deposits rating, 1 support rating, F1 short-term issuer default rating and F1 short-term deposits rating, as well as "a-" viability rating.

The outlook on the ratings is negative.

According to the rating agency, the ratings reflect BNP Paribas SA's continued significant ownership — currently around 83% — of the Honolulu-based bank, which means continued support, up until BNP Paribas' ownership decreases lower than 25%. Fitch also said it anticipates that BNP Paribas will gradually reduce its stake in the bank over time.