Things aren’t getting any better for the Federal Home Loan Bank of Seattle, as Standard & Poor’s Ratings Services revised its outlook to “negative” from “stable,” while affirming its ‘AA+/A-1+’ counterparty credit rating – an action due to the Bank’s continuing status as “undercapitalized.” “The outlook revision is based on the FHFA, FHLB-Seattle’s regulator, having deemed the bank to...