|
REPORTS & RATINGS
|
Annual Reports
Annual Report 2007
Annual Report 2006
Upcoming Financial Review Webinars
Thursday, January 8 at 3:00 p.m. CT - Information and Registration
Thursday, February 5 at 3:00 p.m. CT - Information and Registration
Thursday, March 5 at 3:00 p.m. CT - Information and Registration
Previous Financial Review Webinars
Thursday, December 4, 2008 - (Video)| (Print)
Thursday, November 6, 2008 - (Video) | (Print)
Thursday, October 2, 2008 - (Video) | (Print)
Thursday, August 28, 2008 - (Video) | (Print)
Thursday, May 29, 2008 - (Video) | (Print)
February 26, 2008 - (Video) | (Print)
| Monthly Financial Statements
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
|
Agency Ratings
Southwest Corporate Federal Credit Union obtained a Commercial Paper Rating from two rating agencies addressing its capacity to service $900,000,000 in total commercial paper borrowings, and a Counterparty Credit Rating from the same two agencies addressing its creditworthiness as a counterparty in interest rate swap and other senior obligations.
Southwest Corporate received ratings in the highest category for its ability to service commercial paper debt, and in the second highest category for its ability to meet counterparty credit. A summary of the agency ratings follows:
Commercial Paper Ratings
Standard & Poor's: A-1+
Fitch IBCA, Inc.: F-1
Counterparty Credit Ratings
Standard & Poor's: AA
Fitch IBCA, Inc.: A+
Note 1: Standard and Poor's reaffirmed Southwest Corporate's ratings in September 2008 but placed a negative outlook on the long-term rating. - Message from CEO | Read the Release
Note 2: Fitch Ratings were updated on October 16, 2008 and remain on Negative Watch - Message from CEO | Read the Release
Individual Ratings
Southwest Corporate also received an Individual Rating from Fitch assessing the corporate on a wide range of factors including: profitability, balance sheet integrity, franchise value, management, operating environment, future prospects, operating consistency, capital, and product and geographic diversification. Southwest Corporate's Individual Rating is B on a scale of A through E.
The ratings are based on criteria such as Southwest Corporate's asset quality, liquidity sources, capital strength, and risk management practices.
|
