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IFIN |
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The Support rating of IFIN subsidiary Investors Bank & Trust Company has also been placed on Rating Watch Positive; support ratings of other entities remain unchanged. State Street intends to file with the SEC a registration statement that will include the proxy statement/prospectus of IFIN and other relevant documents to be mailed to security holders in connection with the proposed transaction. While IFIN has historically posted strong earnings growth due to its expanding book of business and positive funds flows, there are several sources of earnings pressure over the intermediate term. |
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