Industry News

Fitch cuts Indymac debt ratings

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

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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 ...

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