Fitch Affirms PacWest Bancorp at 'BB+/B'; Outlook Stable

April 7, 2015 8:42 PM

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(The following statement was released by the rating agency) CHICAGO, April 07 (Fitch) Fitch Ratings has affirmed the Issuer Default Ratings (IDRs) for PacWest Bancorp (PACW) at 'BB+/B'.

The Rating Outlook remains Stable. Fitch has also upgraded the short-term deposit ratings and assigned issue-level ratings to PACW's senior unsecured and trust preferred securities. A full list of ratings follows at the end of this release. KEY RATING DRIVERS - IDRs, VRs and SENIOR DEBT PACW's ratin...

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