Fitch downgrades NYCB to junk, as Moody’s digs deeper | Top Vip News

[ad_1] (Bloomberg) — Fitch Ratings cut New York Community Bancorp’s credit rating to junk, and Moody’s Investors Service cut it further, a day after the commercial real estate lender said it discovered “material weaknesses” in the way it that tracks credit risks. Bloomberg’s Most Read Fitch downgraded the bank’s long-term issuer default rating to BB+, … Read more