Fitch to Withdraw PacWest Bancorp & Pacific Western Bank's Ratings

April 15, 2015 8:28 PM

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(The following statement was released by the rating agency) CHICAGO, April 15 (Fitch) Fitch Ratings plans to withdraw the ratings of PacWest Bancorp (PACW), Pacific Western Bank and various trust preferred securities issued by PACW's subsidiaries on or about May 15, 2015, for business reasons.

Fitch currently rates PacWest Bancorp, Pacific Western Bank and the various trust preferred securities as follows: PacWest Bancorp --Long-term IDR at 'BB+'; --Short-term IDR at 'B'; --Senior unsecured revolving credit facility 'BB+'; --Viability Rating at 'bb+'; --Support at '5'; --Support floor at ...

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