Fitch Ratings

NYCB Extends Rout After Latest Round of Credit Downgrades

Business
Jessica Roberts

(Bloomberg) — New York Community Bancorp tumbled for a second straight day after a pair of rating downgrades threatened to boost the ...

NYCB Downgraded to Junk by Fitch, as Moody’s Goes Even Deeper

Business
Jessica Roberts

(Bloomberg) — New York Community Bancorp’s credit grade was cut to junk by Fitch Ratings, and Moody’s Investors Service lowered its rating ...

Short Sellers See Distress Emerging in Apartments as Borrowing Costs Surge

Business
Jessica Roberts

(Bloomberg) — Soaring rents and cheap funding made blocks of US rental apartments seem like a “can’t miss” investment during the pandemic. ...