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Moody's affirms ratings, upgrades outlook of Bank of Hawaii, unit

Feb 28, 2019 - SNL Financial

Moody's affirmed the ratings of Honolulu-based Bank of Hawaii Corp. and its banking unit Bank of Hawaii and revised its outlook on Bank of Hawaii to stable from negative.

Moody's said its outlook for Bank of Hawaii has been negative since April 2017 due to the company's above-peer loan growth over the last three years, which resulted in declining capitalization and liquid resources relative to tangible banking assets. The rating agency noted that Bank of Hawaii's loan growth moderated to 7...