The rating outlook for UCBH Holdings Inc. and its bank subsidiary has been revised from Stable to Negative by Fitch Ratings, largely as a result of problem assets in its construction loan portfolio. Fitch also affirmed the long-term Issuer Default Ratings of UCBH and United Commercial Bank at BBB and the short-term IDRs of the pair at F2. "Given the company's significant exposure to construction loans and its concentration in California, Fitch anticipates that it is unlikely that credit quality will return to more normalized levels in the near term," the rating agency said. Fitch can be found online at http://www.fitchratings.com.
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