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Miscellaneous

U.S. Central FCU Downgraded for Exposure to Subprime Mortgages

JAN 28, 2008 12:02am ET

WALL STREET – Fitch Ratings affirmed the long- and short-term issuer default ratings for U.S. Central FCU at its highest AAA and F1+, respectively, Friday, but downgraded the overall rating outlook for the corporates’ corporate to “negative” from “stable” due to U.S. Central’s continued exposure to the subprime mortgage market.

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