The rating outlook of U.S. Central Federal Credit Union has been revised from stable to negative by Fitch Ratings because of the credit union's exposure to subprime mortgage-backed securities. "While losses to date have been absorbed through earnings, and management has taken steps to reduce its mortgage exposure, the portfolio still has meaningful exposure to the nonprime mortgage market and contains securities that could generate additional realized losses," Fitch said. The credit union's long- and short-term issuer default ratings have been affirmed at triple-A and F1-plus, respectively, as a result of its "solid credit fundamentals" and franchise strength, the rating agency said.

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