Fitch Ratings has affirmed the long-term issuer default rating of IndyMac Bancorp, but it has revised the company's outlook from Positive to Stable.The long-term issuer default rating is BBB-minus. Fitch said the revision of IndyMac's Rating Outlook "reflects the likelihood that 2007 will be a transitional year for both [IndyMac] and the industry." The rating agency said IndyMac's mortgage banking revenue margin has "dropped recently and consistently narrowed over the last five years." Fitch can be found online at http://www.fitchratings.com.
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