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Article: Fitch Affirms National Consumer Cooperative Bank LT IDR at 'A-'; Rating Outlook Stable.
- Article from:
- Business Wire
- Article date:
- March 4, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO -- Fitch Ratings has affirmed the ratings of National Consumer Cooperative Bank (NCB) and its related subsidiaries. The Rating Outlook is Stable. Approximately $450 million of debt and $1 billion of deposits are affected by this action. A complete list of ratings is detailed at the end of this release.
The affirmation of NCB's ratings continues to reflect appropriate risk adjusted capitalization, experienced management team, and knowledge of the cooperative market. The ratings also take into account NCB's relatively greater reliance on capital markets financing, niche focus in cooperative lending and modest profitability measures given its member-owned ...
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... ... at 545 West 111th Street in Manhattan. NCB's senior vice president Sheldon Gartenstein ... located at 1 West 64th Street in Manhattan. NCB means National Consumer Cooperative Bank, its subsidiaries and NCB Capital Impact, an affiliated non-profit ...
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