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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...
A Phil Hall Op-Ed: Fannie and Freddie and Fitch and Joe

A Phil Hall Op-Ed: Fannie and Freddie and Fitch and Joe

by Phil Hall | Aug 7, 2023 | A Phil Hall Op-Ed, Current News & Events, Real Estate News, WRE News Exclusive

A Phil Hall Op-Ed: Perhaps the most dramatic economic story of the past week involved the decision by Fitch Ratings to downgrade of the U.S. credit rating from “AAA” to “AA+.” Fitch defined its decision as the result of “a steady deterioration in standards of...

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