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MCFCU |
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The ratings of Mid-States and MCFCU were initially placed on Rating Watch Negative and Rating Watch Evolving, respectively, on October 31, 2002, following the announcement that Mid-States was going to merge with MCFCU (see release 'Fitch Places Mid-States On Rtg Watch Negative; MCFCU on Watch Evolving', Oct. At the same time, Fitch recognizes the prospects for capital ratio declines at the merged entity relative to Mid-States, as well as heightened uncertainty with the introduction of integration risk, particularly as the size of MCFCU represents nearly 20% of proforma assets. |
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