Moody's Drops IndyMac

`` IndyMac, one of the few remaining independent mortgage lenders at this point, had maintained a single B rating for its holding company, while its bank subsidiary had a D-minus rating when it came to financial strength. Moody's also rated IndyMac's deposits at Ba3 and had a negative outlook on the Pasadena, Calif.-based firm.'' -- If you can't say something nice, don't say anything at all?