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Fitch affirms, withdraws Mid-Atlantic Corporate FCU ratings

Fitch Ratings affirmed and withdrew several ratings ofMiddletown, Pa.-based Mid-Atlantic Corporate Federal Credit Union, whilemaintaining its stable outlook on the ratings, according to an April 7 newsrelease.

The rating agency affirmed and withdrew the credit union'sA+ long-term issuer default rating and F1+ short-term issuer default rating,reflecting Fitch's view that the institution will continue to benefit fromgovernment support and its "exceptionally high capacity" for timelypayments of short-term financial commitments. It also affirmed and withdrew itsbb- viability rating, reflecting Mid-Atlantic's sufficient capital andliquidity, adequate contingent funding sources and conservatively managed investmentportfolio.

Fitch also affirmed and withdrew Mid-Atlantic CorporateFCU's 1 support rating and A+ support rating floor rating.