GLENDALE, Calif. - Fidelity Federal Bank FSB's uninsured CDs were downgraded to B-minus/B from B-plus/B by Standard & Poor's Ratings Group.

Additionally S&P lowered its long-term counterparty rating on Fidelity Federal to CCC from B-minus and its short-term counterparty rating on the thrift to C from B. The ratings outlook is negative.

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