LENEXA, Kan. — Standard & Poor's reaffirmed U.S. Central's AAA debt rating, but its outlook changed from stable to negative.
S&P noted concern over U.S. Central's unrealized losses in its portfolio.
U.S. Central said it was not surprised by the negative outlook given the uncertainty of the credit markets and the scrutiny normally given to AAA rated institutions.
Recommended For You
"Given the severity of today's fixed income markets, we are gratified by this reaffirmation by Standard & Poor's," said U.S. Central CEO Francis Lee.
NOT FOR REPRINT
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
