Business Services Industry
DEPOSIT RATINGS OF FEDERAL HOME LOAN BANK OF CHICAGO
Info-Prod Research (Middle East), July, 2004
Moody's Investors Service has affirmed itsdeposit ratings of the Federal Home Loan Bank (FHLB) of Chicago(long-term deposit ratings at Aaa and short-term deposit ratings atPrime-1) following the recent announcement that the Federal Home LoanBank of Chicago has entered into a written agreement with its regulator,the Federal Housing Finance Board.
The Aaa senior debt ratings of theconsolidated obligations of the Federal Home Loan Banks are unaffected.The rating outlook remains stable. Moody's said that the written agreement with the Federal Home Loan Bankof Chicago and the Federal Housing Finance Board requires the Bank toimprove practices around the Bank's risk management process, internalaudit, capital management and accounting practices, and to enhancecorporate governance at...
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