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NEW YORK — Fitch Ratings downgraded three corporate credit unions late last week, knocking Constitution Corporate FCU, Members United Corporate FCU and Southwest Corporate FCU each down a notch. The long-term Issuer Default Ratings (IDR) of all three were downgraded from ‘AA-’ to ‘A+’, Short term IDRs and Short-term debt ratings were downgraded from ‘F1+’ to ‘F1′, and Individual ratings were downgraded from ‘A/B’ to ‘B’.

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