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Prospect News home > News index > List of issuers F > Headlines for Federal Home Loan Bank of Chicago > News item |
S&P puts FHLB Chicago on watch
Standard & Poor's said it placed the AA+/A-1+ counterparty credit rating on the Federal Home Loan Bank of Chicago on CreditWatch with negative implications.
The watch follows the recent termination of merger discussions between FHLB Chicago and FHLB Dallas. The development heightens concerns regarding the strategic direction and financial condition of FHLB Chicago, the agency said.
Ratings reflect the issuer's high asset quality and exceptional liquidity and funding capabilities, including the benefits that accrue from being a core member of the FHLB system, the agency said.
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