News: Cathay General Bancorp (CATY.OQ)

CATY.OQ on NASDAQ Stock Exchange Global Select Market

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Wed, Feb 5 2014

Fitch Affirms Cathay's Ratings Following Peer Review at 'BB+'/'B'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, February 05 (Fitch) Fitch Ratings has affirmed Cathay General Bancorp's (CATY) ratings at 'BB+'/'B'. The Rating Outlook is Stable. The rating affirmation and Stable Outlook reflect improving asset quality, solid earnings and elevated capital levels. These strengths are balanced by CATY's liquidity profile, which is relatively weaker than the majority of the mid-tier banks and higher levels of longer duration mortgages on

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