2008-09-05 23:15:02 -

- Fitch Ratings has withdrawn the long- and short-term Issuer Default Ratings (IDR) and outstanding debt ratings on Indymac Bancorp Inc. and subsidiaries as follows:

Indymac Bancorp Inc.

--Long-term IDR at 'D';

--Short-term IDR at 'D';

--Individual Rating at 'F'.

Indymac Bank F.S.B.

--Long-term IDR at 'D'

--Short-term IDR at 'D'

--Individual

at 'F';

--Long-term deposits at 'CCC/RR3';

--Short-term deposits of 'D';

--Preferred stock at 'C/RR6'.

Indymac Capital Trust I

--Preferred stock at 'C/RR6'.

Fitch will no longer provide ratings or analytical coverage on Indymac Bancorporation Inc. and subsidiaries.

Fitch's rating definitions and the terms of use of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures are also available from the 'Code of Conduct' section of this site.

Fitch Ratings, New York
Vincent Arscott, CFA, 212-908-0872
Christopher Wolfe, 212-908-0865
or
Media Relations:
Sandro Scenga, 212-908-0278