Fitch Ratings affirmed its rating on Honolulu-based Central Pacific Financial Corp. but has changed its ratings outlook on the bank holding company to "negative" from "stable."

The agency maintained it's long-term issuer default rating of BBB for the company. It said it revised the rating outlook because of the potential for additional financial stress from exposure to California's residential real estate market. The company noted Central Pacific has been taking actions to limit exposure to the market and that the company's Hawai'i-based portfolio continues to perform well.