New York, October 29, 2015 -- Moody's Investors Service affirmed all the ratings of New York Community Bancorp, Inc. and its subsidiaries including New York Community Bank (collectively NYCB) following the announcement that it has agreed to acquire Astoria Financial Corporation in a stock and cash transaction scheduled to close in late 2016. New York Community Bank has long- and short-term bank deposit ratings of A2 and Prime-1, respectively. Moody's also affirmed the bank's standalone baseline credit assessment (BCA) and adjusted BCA of baa1 and its Counterparty Risk (CR) Assessment of A3 (cr)/Prime-2 (cr). New York Community Bancorp, Inc. has an issuer rating of Baa2 and New York Community Capital Trust V has a preferred stock rating of Baa3 (hyb). The rating outlook is stable.

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