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...
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...