Moody’s Downgrades New York Community Bancorp to Junk Class

The post Moody’s Downgrades New York Community Bancorp to Junk Class appeared first on News Directory 3.
The rating agency Moody’s Investors Service announced on the 6th that it has downgraded all long-term ratings and some short-term ratings of US regional bank holding company New York Community Bancorp (NYCB) to junk class (speculative rating). NYCB’s long-term issuer rating has been downgraded from “Baa3” to “Ba2.” Moody’s said the downgrade reflects the difficult […]