Fitch downgrades Central Pacific Financial

“We expect a number of these sales to be completed in the coming months”

Central Pacific Financial Corp. 's bond ratings outlook has been downgraded to "negative" from "stable" by Fitch Ratings . via Honolulu Star-Bulletin

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Business - Financial Services, Central Pacific Financial, Banking, Housing

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Halawaboy

Honolulu, HI

This is what analyst's have been talking about for awhile now. CPB and the local credit unions have big time exposure to the local market here With their home equity loans and also.Sub-Prime Loans account for almost %20 of all Loans made in Hawaii in 2006 and 2007.This will come back to haunt us in 2008 and 2009 when they reset.Hold on Hawaii!

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Fitch downgrades Central Pacific Financial

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