Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Fitch withdraws 3 corporate commercial paper ratings
CHICAGO (1/26/11)--Fitch Ratings has withdrawn the commercial paper ratings of Central Corporate CU (Cencorp), Eastern Corporate FCU (EasCorp) and Southeast Corporate FCU (Southeast). The withdrawal of the commercial paper ratings are due to the elimination, suspension or lack of activity under the corporate credit unions’ respective commercial paper programs (BusinessWire Jan. 24). Although the rating on the commercial paper programs have been withdrawn, Fitch still maintains its short-term Issuer Default Rating of “F1+” on all three institutions. Fitch has withdrawn the following ratings:
* Central Corporate CU, Southfield, Mich.,--Commercial paper “F1+”; * Eastern Corporate FCU, Burlington, Mass.,--Commercial paper “F1+”; and * Southeast Corporate FCU, Tallahassee, Fla.,--Commercial paper “F1+”.
For more information on Fitch Ratings, use the link.
Other Resources

RSS





print
News Now LiveWire
RT @CUNA: Today is the first day of #CUYouthMonth How is your #creditunion celebrating?
1 hour ago
New @FICO score metric expected this week, will include utility payments http://t.co/l0hGhilMqQ
1 hour ago
.@TheNCUA increased supplier diversity in 2014 by 49%, although NCUA’s workforce diversity levels declined slightly.
2 hours ago
Also from FFIEC today, council announces reappointments of Mary Hughes and Lauren Kingry to its State Liaison Committee. 2of2
2 hours ago
.@federalreserve Gov. Tarullo Wed. became 22nd chair of FFIEC for 2-yr term; succeeds Comptroller of the Currency Curry. 1of2
2 hours ago