NYC Bank Now Junk Rated Amidst CRE Troubles

February 26, 2024

New York, NY Tuesday, February 13, 2024 – New York Community Bank (NYCB) received three credit downgrades within a week, during the week ending February 9, highlighting deepening concerns about its exposure to the troubled commercial real estate (CRE) market. The latest downgrade, issued by Morningstar DBRS on Thursday, cited “outsized” CRE holdings that the […]