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Morningstar DBRS on Thursday downgraded NYCB’s credit standing because of “outsized” exposure to CRE, which the lender has pledged to cut back within the coming months. She previously served as deputy sustainability editor, California bureau chief and California environment and transportation reporter, the place she covered local weather, water, air pollution, electric automobiles, fuel economy, high-speed rail and wildfires. She got here to POLITICO in 2019 after 13 years at E&E News, 10 of these in California. California is relying on offshore wind to deliver sufficient power to power 25 million properties by 2045, with intermediate targets as early as…