The long-term debt ratings of North Fork Bancorp. Inc. have been downgraded from A to A-minus and removed from Rating Watch Negative by Fitch Ratings in the wake of the completion of North Fork's acquisition of GreenPoint Financial Corp.In addition, Fitch upgraded the long-term debt of GreenPoint, which had a significant residential mortgage platform, from BBB to A-minus and removed it from Rating Watch Positive. All other GreenPoint ratings have been aligned with those of North Fork, Fitch said. The rating outlook is Stable. Fitch can be found online at http://www.fitchratings.com.
North Fork Debt Downgraded
October 01, 2004, 2:00 p.m. EDT 1 Min Read
