Fitch assigns default rating to IndyMac Bancorp

by evan » Sat Aug 02, 2008 04:54 am
Posts: 1276
Joined: 01 May 2005

Fitch Ratings on Friday assigned a default rating to IndyMac Bancorp Inc., which has filed for Chapter 7 bankruptcy protection.
Fitch cut the long- and short-term issuer default ratings on the company to "D" from "C." Fitch will subsequently withdraw all ratings in 30 days.

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