New York Community Bancorp (NYCB) Cut to Junk at Moody's
New York Community Bancorp (NYSE: NYCB) credit rating lowered to Junk by Moody's agency, representing a two notch cut.
- The bank is facing “multifaceted” financial risks and governance challenges, Moody’s wrote.
- The ratings firm said it's open to further cuts should conditions deteriorate.