NEW YORK – Fitch Ratings Senior Director Ken Ritz said natural person credit unions concerned about U.S. Central should pay closer attention to the corporate’s Issuer Default Rating, rather than institution’s Individual Rating, which tumbled from an “A” to a “D”.

The Individual Rating measures the bare-bones credit worthiness of an entity, separate from external support. That’s not the reality at U.S. Central, which Ritz said is “buoyed by support that we expect to come, and has thus far, from the NCUA”; that support is considered in an entity’s long- and short-term IDR ratings.

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