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First Niagara Financial Group Inc. Message Board

  • foolfinder45 foolfinder45 Feb 15, 2013 2:05 PM Flag

    More wonderful news for the FNFG longs

    Fitch Ratings has affirmed the less-than-stellar long- and short-term ratings it issued last fall for First Niagara Financial Group Inc., saying it may take the parent of First Niagara Bank longer than expected to build capital and warning that future earnings may be adversely affected due to poor economic and interest rate conditions.
    The worldwide ratings agency held First Niagara’s rating at “BBB-” and maintained the bank’s “negative” outlook because it does not think there is enough capital on hand to handle potential financial challenges that the bank might encounter.

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