NEW YORK – Moody’s action to place four relatively small corporates on ratings review is the result of the stress on U.S. Central’s balance sheet, not their own.

Moody’s Managing Director Robert Young wrote in his Dec. 22 rating action report that $5 billion Corporate One Federal Credit Union, $2 billion Central Corporate Credit Union, $2 billion Corporate Central Credit Union and $2 billion SunCorp Credit Union have relatively less asset-backed securities exposure than the others; however, they have concentrated exposure to U.S. Central through member shares and member capital shares deposited at the corporates’ corporate.

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