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Two Ratings Agencies Slash Credit Grade for NYCB

Two Ratings Agencies Slash Credit Grade for NYCB

by Phil Hall | Mar 4, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The tumult surrounding New York Community Bancorp (NYSE:NYCB) became more severe with two ratings agencies cutting its credit grade. Bloomberg reported Fitch Ratings lowered the bank’s long-term issuer default rating from BBB-to BB+, which is one level below...

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