Moody's: Popular view negative

Moody's Investors Service said it changed the outlook on Popular, Inc. and its subsidiaries to negative from stable. The holding company is rated A3 for senior debt.

The outlook change reflects Moody's concerns regarding Popular's weakening 2009 holding company liquidity profile, according to the agency.

Ratings are supported by a comparatively robust pro-forma capital position, inclusive of the upcoming preferred stock issuance, and solid bank-level liquidity, the agency said.

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