LENEXA, Kan. — Standard & Poor's joined Fitch Ratings in affirming U.S. Central's debt ratings, despite the corporate's recently announced 2007 losses.

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"U.S. Central's results for 2007 reflected a net loss of $51 million on total assets of nearly $45 billion. While achieving strong net-interest income and fee income, our 2007 performance reflected the turbulent conditions in the credit markets and the resulting impairment in the value of a relatively small portion of our investment portfolio," said Francis Lee, president and CEO.

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U.S. Central said it's already recovered more than half of last year's loss so far this year, currently operating on a $30 million net profit.

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