New York bank on review for potential downgrade

The credit ratings agency placed all long-term and short-term ratings and assessments of NYCB and its subsidiary, Flagstar Bank on review for a downgrade. — Reuters

New York: Ratings agency Moody’s says it has placed New York Community Bancorp (NYCB) on review for a downgrade, which could put the bank into the “junk” territory.

The credit ratings agency placed all long-term and short-term ratings and assessments of NYCB and its subsidiary, Flagstar Bank, including the baa2 baseline credit assessment, on review for a downgrade.