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Published on 2/25/2009 in the Prospect News Investment Grade Daily.

Fitch: Dime Community view stable

Fitch Ratings said it affirmed Dime Community Bancshares, Inc.'s long-term issuer default rating at BBB, short-term issuer default rating at F2, individual rating at B/C, subordinated debt at BBB-, support at 5 and support floor at NF.

The outlook was revised to stable from negative.

The outlook revision reflects the company's consistent performance in a volatile credit environment, according to the agency.

The affirmation reflects strong asset quality, sufficient capital and a reasonable level of loan loss reserves, the agency said.


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