Fitch Lowers U.S. Central to AA+ Rating from AAA

LENEXA, Kan. — Fitch Ratings has changed U.S. Central Federal Credit Union’s long-term debt rating of AA+. Previously, U.S. Central was rated AAA with a negative outlook. U.S. Central’s short-term rating of F-1+, individual rating of A and support rating of 1 were affirmed by Fitch. The rating actions were prompted by Fitch’s assessment of U.S. Central’s investment portfolio in light of the prevailing disruption in the global financial markets.

“U.S. Central is a strong, healthy financial institution with $2.4 billion in capital, access to more than $20 billion in available liquidity and a high-quality investment book,” commented Francis Lee, president and CEO of U.S. Central. “The AA+ rating underscores U.S. Central’s ongoing ability to deliver on our commitment to serve the liquidity needs of the corporate credit union network.” Lee went on to say, “The AA+ rating is shared by only three other U.S. depository institutions, and, at a time of considerable uncertainty in the financial markets, we believe this rating from Fitch is an ongoing acknowledgement of the continued strength of our balance sheet and our high liquidity position.”