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The Honolulu Advertiser
Updated at 5:17 p.m., Friday, August 8, 2008

Moody's affirms First Hawaiian's 'B minus' financial rating

Advertiser Staff

Moody's Investors Service affirmed its "B-" bank financial strength rating for First Hawaiian Bank with a stable outlook.

"The affirmation of First Hawaiian Bank's BFSR and stable outlook was based on its above-average capital levels and earnings performance, as well as pristine asset quality metrics," Moody's said in a press statement.

First Hawaiian's "profitability and capital generation are supported by its leading market position in Hawai'i and ample core funding."