Article: Fitch Affirms National Consumer Cooperative Bank LT IDR at 'A-'; Rating Outlook Stable.

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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