News

Rating agency warns about Credit Union North

Wednesday 19th of September 2012

The ratings agency has placed Credit Union North's ‘BB’ long-term issuer credit rating on CreditWatch with negative implications.

“The CreditWatch placement on CUN’s ‘BB’ rating reflects heightened concern around the stability and future direction of the credit union’s business position,” S&P credit analyst Andrew Mayes says.

“Specifically, CUN’s lending volumes--most notably...

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