The trend on the rating is Stable. DBRS Morningstar has assigned the rating equal to the Company's Long-Term Issuer Rating of 'A' less three notches, which is consistent with DBRS Morningstar's standard notching for Preferred Stock.
RATING DRIVERS
DBRS Morningstar views BOH as well placed within its rating category. Over the longer term, an upgrade of the ratings would occur if the Company can grow its fee-based businesses to further diversify its revenue generation. Conversely, a downgrade would occur from sustained asset quality deterioration combined with a prolonged negative impact on profitability.
ESG CONSIDERATIONS
A description of how DBRS Morningstar considers ESG factors within the DBRS Morningstar analytical framework and its methodologies can be found at: https://www.dbrsmorningstar.com/research/357792.
The Grid Summary Grades for BOH are as follows: Franchise Strength - Strong/Good; Earnings Power - Strong; Risk Profile - Strong/Good; Funding & Liquidity - Strong; Capitalization - Strong/Good.
Notes:
All figures are in
The principal methodology is the Global Methodology for
For more information regarding rating methodologies and Coronavirus Disease (COVID-19), please see the following DBRS Morningstar press release: https://www.dbrsmorningstar.com/research/357883.
The primary sources of information used for this rating include Company Documents and
The rated entity or its related entities did participate in the rating process for this rating action. DBRS Morningstar had access to the accounts and other relevant internal documents of the rated entity or its related entities in connection with this rating action.
Generally, the conditions that lead to the assignment of a Negative or Positive trend are resolved within a 12-month period. DBRS Morningstar's outlooks and ratings are under regular surveillance.
For more information on this credit or on this industry, visit www.dbrsmorningstar.com.
Tel. +1 212 806-3277
Ratings
Date Issued Debt Rated Action Rating Trend Attributesi
US = Lead Analyst based in USA
CA = Lead Analyst based in
EU = Lead Analyst based in EU
E = EU endorsed
U =
Unsolicited Participating With Access
Unsolicited Participating Without Access
Unsolicited Non-participating
08-Jun-21 Preferred Stock New Rating BBB Stb US
(C) 2021 Electronic News Publishing, source