For IndyMac, Another Ratings Cut; Capital Raise Looming?

"Fitch Ratings cut its core credit ratings on IndyMac Bancorp Inc. (IMB: 2.05, -11.64%) for the second time this year late Tuesday, moving the troubled lender further into junk territory over concerns about the bank’s “ability to manage capital.” The cut comes as analysts unloaded on the Pasadena, Calif.-based thrift yesterday, suggesting that it would need to raise substantial capital to remain solvent."