Fitch Withdraws Doral Financial Corporation's Ratings

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has withdrawn the ratings for Doral Financial Corporation (DRL) and its main subsidiary, Doral Bank. Fitch has withdrawn the ratings as the company has entered bankruptcy. Accordingly, Fitch will no longer provide ratings or analytical coverage for DRL.

For further details, please see Fitch's press release titled 'Fitch Downgrades Doral Bank to 'D' on Receivership' dated March 3, 2015 at www.fitchratings.com.

Fitch has withdrawn the following ratings:

Doral Financial Corporation

--Long-term IDR 'D';

--Senior debt 'C;

--Preferred stock 'C;

--Short-term IDR 'D';

--Viability Rating 'f';

--Support '5';

--Support at Floor 'NF'.

Doral Bank

--Long-term IDR 'D';

--Short-term IDR 'D';

--Viability Rating 'f';

--Support '5';

--Support Floor 'NF'.

Additional information is available 'www.fitchratings.com.'

Applicable Criteria

Global Bank Rating Criteria (pub. 20 Mar 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501

Additional Disclosures

Solicitation Status

https://www.fitchratings.com/gws/en/disclosure/solicitation?pr_id=990168

Endorsement Policy

https://www.fitchratings.com/jsp/creditdesk/PolicyRegulation.faces?context=2&detail=31

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150831005952/en/

Fitch Ratings
Doriana Gamboa
Senior Director
+1-212-908-0865
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Secondary Analyst
Christopher Wolfe
Managing Director
+1-212-908-0771
or
Committee Chairperson
Julie Solar
Senior Director
+1-312-368-5472
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
[email protected]

Source: Fitch Ratings

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Wayon Stone Named China's Top 10 Quartz Stone Brands in 2026, Expanding Architectural Surface Solutions for Global Projects
• Futu Holdings Limited Securities Fraud Class Action Result of Undisclosed Regulatory Compliance Failures and approximately 32% Stock Decline - Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Fo
• Responding to the Summer-Autumn Transition: Arshiner’s Early-Autumn “Layering Aesthetic” – Effortlessly Build a High-Value, Cost-Effective Kids’ Wardrobe