Fitch affirms Westamerica

Fitch Ratings said it affirmed the long and short-term issuer default ratings of Westamerica Bancorporation and its banking subsidiary Westamerica Bank.

In addition, Fitch said it has downgraded the individual rating to B from A/B.

The outlook remains stable.

The agency noted that the affirmation reflects the company's continued strong earnings performance, risk adverse credit culture and adequate capital levels.

Affirmed ratings include Westamerica's long-term issuer default rating affirmed at A, short-term issuer default rating affirmed at F1, individual downgraded to B from A/B, support affirmed at 5 and support Floor affirmed at NF.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.