OTHER NEWS - Aug. 29, 1991
From Times Staff and Wire Reports
Standard & Poor’s Lowers CalFed Ratings: The New York rating agency said its action, affecting about $123 million in CalFed debt, reflects recent losses at the Los Angeles thrift, weak cash flow and rising real estate problems. But S&P; noted that CalFed, parent of California Federal Bank, complies with all federal capital requirements and has a strong retail base.
