Fitch Removes New York Community Bancorp from Rating Watch Negative; Outlook Stable.

NEW YORK -- Fitch Ratings has removed New York Community Bancorp, Inc. (NYB) from Rating Watch Negative, where it was placed on Oct. 11, 2005. The Rating Outlook is Stable. A list of ratings is provided below.

The rating action follows NYB's completion of the financing to acquire Atlantic Bank of New York

1926 New York State chartered Bank of Athens Trust Company, a subsidiary of Bank of Athens.
1952 The bank changed its name to Atlantic Bank of New York.
1953 Atlantic Bank of New York acquired Hellenic Bank Trust Company, a subsidiary that National Bank of Greece had

(ABNY ABNY Association for Better New York (New York City, NY, USA) ). NYB issued additional common equity raising the $400 million in cash needed to complete the acquisition at the end of this month. Fitch had been concerned that the company might additionally lever its holding company with debt to finance the acquisition. The issuance of equity to finance the transaction should enhance capital levels, especially tangible common equity levels, adding to financial flexibility.

The ratings of ABNY are expected to be aligned with those of New York Community Bank

NYCB redirects here. See New York City Ballet for the ballet company.

New York Community Bank is the banking division of the publicly traded company New York Community Bancorp. upon completion of the transaction. ABNY will operate as a division of NYB's New York Commercial Bank subsidiary.

Ratings:

New York Community Bancorp, Inc.

-- Long-term IDR IDR

In currencies, this is the abbreviation for the Indonesian Rupiah.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 'BBB';

-- Individual 'B/C';

-- Short-term 'F3';

-- Support '5';

-- Outlook Stable.

Richmond County Capital Corporation

-- Preferred Stock 'BBB-'.

Roslyn Real Estate Corp.

-- Preferred Stock 'BBB-'.

Roslyn Bancorp, Inc.

-- Senior unsecured 'BBB'.

Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used.

In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site.

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Publication:	Business Wire
Geographic Code:	1USA
Date:	Apr 17, 2006
Words:	250
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