UpInArms
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Wed Feb-06-08 12:43 PM
Response to Reply #69 |
72. Merrill ratings most at risk from insurers, CDOs-S&P |
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http://www.reuters.com/article/bondsNews/idUSN0658574520080206NEW YORK, Feb 6 (Reuters) - Ratings of Merrill Lynch & Co (MER.N: Quote, Profile, Research) are most at risk among financial institutions from troubles at bond insurers and collateralized debt obligations, Standard & Poor's said Wednesday.
Speaking on a conference call on U.S. financial institutions, S&P analysts also said that if bond insurers are downgraded, but only to the "double-A" level, that alone may not trigger ratings downgrades for banks and brokers. But it would be considered along with other issues.
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