Business
MOODY'S RATINGS UPGRADES FLAGSTAR BANK, N.A. CREDIT RATINGS - OUTLOOK REMAINS POSITIVE
Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") today announced that Moody's has upgraded several of the Banks's credit ratings, marking the second major rating agency to upgrade the Bank's credit ratings in recent weeks.
About this update from Flagstar Bank, N.a.
[{"type":"text","content":"Both Long-Term and Short-Term Deposit Ratings Raised to Investment Grade","length":72,"tagName":"p","attribs":{}},{"type":"text","content":"HICKSVILLE, N.Y., April 2, 2026 /PRNewswire/ -- Flagstar Bank, N.A. (NYSE: FLG) (the "Bank") today announced that Moody's has upgraded several of the Banks's credit ratings, marking the second major rating agency to upgrade the Bank's credit ratings in recent weeks.","length":288,"tagName":"p"},{"type":"image","alt":"Flagstar Bank, N.A. Logo (PRNewsfoto/Flagstar Bank, N.A.)","displaySize":"","headline":null,"caption":"Flagstar Bank, N.A. Logo (PRNewsfoto/Flagstar Bank, N.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":47,"url":"https://media.zenfs.com/en/prnewswire.com/dd53399b5f7ea6405b45bd5e536e2089"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/cSxGma9JOIQXC1Vjb1Yadw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTgz/https://media.zenfs.com/en/prnewswire.com/dd53399b5f7ea6405b45bd5e536e2089","width":400,"height":47}},"href":"https://mma.prnewswire.com/media/2799307/Flagstar_Bank_NA_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Moody's upgraded the Bank's Long-Term Deposit rating to Baa3 from Ba1 and its Short-Term Deposit rating to Prime-3 from Not Prime; both are investment grade ratings. In addition, Moody's raised the Bank's Long-Term Issuer rating to Ba3 from B1. In its ratings action, the agency cited as key factors, the Bank's overall improved financial performance, including the successful remediation of a previously identified material weakness in internal controls over financial reporting; progress toward sustainable profitability with a credible path to achieving a consistent Return on Average Assets above 0.5% without incurring further outsized credit losses, and a materially strengthened capital position.","length":723,"tagName":"p"},{"type":"text","content":"The upgrade follows a similar action by Fitch Ratings in March, reinforcing the continued strengthening of Flagstar's operating performance.","length":144,"tagName":"p"},{"type":"text","content":""We are very pleased Moody's reviewed the company and our progress and upgraded several of our ratings, including our long- and short-term deposit ratings to investment grade. This is the second time in the last...