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U.S. Central Conservatorship Affects Corporates' S&P Ratings

APR 9, 2009 9:01pm ET

WALL STREET — Standard & Poors said last week it lowered its ratings on six corporate credit unions in light of the trickle-down effect of the failure of U.S. Central FCU, which forced all corporates to charge-off their capital in U.S. Central.

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