LAS VEGAS — Western Corporate’s open ALCO meeting drew mixed reactions from attendees this morning, with some saying they gained confidence in WesCorp’s investments, while others reported lingering doubts.

As of Sept. 19, a total of 36 securities have been downgraded, said Executive Vice President and Chief Investment Officer Bob Burrell, which represents 5% of WesCorp’s securities. Of those 36, 22 still remain at investment grade of BBB or higher. That leaves 14 securities, representing $610 million, that have fallen below BBB. However, all are still performing on target, Burrell said.

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