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Prospect News home > News index > List of issuers A > Headlines for Amcore Financial, Inc. > News item |
Fitch drops Amcore to CCC
Fitch Ratings said it downgraded Amcore Financial, Inc.'s long-term issuer default rating to CCC from BB- and individual rating to E from D.
The downgrade reflects weak asset quality, pressured capital and parent company liquidity positions, and an increased reliance on wholesale funding, the agency said.
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