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S&P withdraws ratings of New Zealand's Credit Union South

S&P Global Ratings withdrew the ratings of New Zealand-based Credit Union South at the issuer's request.

At the time of withdrawal, S&P affirmed the company's BB-/B issuer credit ratings. The outlook prior to the withdrawal was stable, the rating agency said Dec. 7.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.