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Credit Union Baywide gets BB rating; ponders Govt guarantee
Wednesday 28th of October 2009
The 38-year-old mutual organisation was given a BB long-term counterparty rating and a B short-term counterparty credit rating by Standard & Poor's, qualifying it for the government to guarantee its deposits, due to its loyal membership base and its capital ratios, according to S&P analyst Peter Sikora.
"Key asset-quality indicators are satisfactory when assessed against the cred...
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