<p>WALLINGFORD, Conn. – The $1 billion Constitution State Corporate CU has been assigned an A-1+ short-term counterparty credit rating from Standard & Poor's. "While Constitution's asset base is rather liquid, the Corporate has some market and interest-rate risk exposure resulting from a significant portion of its investment portfolio in ABS and mortgage-related securities. The investment portfolio, nonetheless, is nearly all in available-for-sale and the company's interest-rate risk is mitigated through asset-liability matching policies," stated Standard & Poor's in the report.</p>
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