Industry News

Fitch cuts Indymac debt ratings

Moody's withdraws its ratings at Indymac's request
Published on Jan 24, 2008

Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Citing continued weakness in the U.S. residential mortgage market and the “virtual absence of a private, secondary mortgage market,” analysts at Fitch Ratings today downgraded the long-term issuer default rating of Indymac Bancorp Inc. to junk status. Indymac, which posted ...