Fitch Withdraws Uruguayan Credit Cooperativa FAE Ratings.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch Ratings has affirmed and withdrawn the following ratings assigned to Cooperativa de Ahorro y Credito FAE (FAE): --Long-term foreign currency: 'B-'/Stable Outlook; --Support: '5'; --National long-term rating: 'BB+(uy)'. Established as a credit cooperative in Uruguay in 1977, FAE offers financial services, including credit and pension fund administration, to its members. FAE reported assets and equity of US$1.4 million and US$1.1 million, respectively, at end-2004. Due to its small size, FAE failed to meet higher nominal capital requirements recently imposed on financial institutions by the Central Bank of Uruguay The Central Bank of Uruguay (Spanish: Banco Central del Uruguay) is the central bank of Uruguay. See also
BCU Basic Command Unit (British Police) BCU Big Close-Up BCU Bus Controller Unit BCU Battery Coolant Unit BCU Bandwidth Control Unit BCU Beer Cans Unlimited (collectors) ). As such, the institution has requested permission from the BCU to withdraw from the financial system, which will prevent it from capturing deposits from the public in the future. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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