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Southeast Corporate Maintains `AA' Rating

TALLAHASSEE, Fla. - Once again Southeast Corporate has received one of Standard & Poor's (S&P's) highest ratings. In a rating report dated June 18, 2003, S&P issued a rating of `AA/Stable/A-1+' to Southeast Corporate. In the report, S&P said: "The ratings on Southeast Corporate Federal Credit Union are based on...

By Staff Writer | Updated on July 08, 2003

TALLAHASSEE, Fla. – Once again Southeast Corporate has received one of Standard & Poor’s (S&P’s) highest ratings. In a rating report dated June 18, 2003, S&P issued a rating of `AA/Stable/A-1+’ to Southeast Corporate. In the report, S&P said: “The ratings on Southeast Corporate Federal Credit Union are based on its ample balance sheet liquidity, strong asset quality and healthy risk-based capital. Southeast’s assets are mainly composed of high-quality short-term investments. Interest rate risk is minimized through asset-liability matching policies. Southeast Corporate has assets of approximately $4 billion and serves 442 credit unions nationwide.

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