| Abstract: | NEW YORK (Standard&Poor's) Dec. 20, 2007--Standard&Poor's Ratings Services said today that the quarterly loss reported Thursday by The Bear Stearns Cos. Inc. (Bear Stearns; A/Negative/A-1) will not affect the credit ratings on the company. On Nov. 14, 2007, Bear Stearns announced that it would take a $1.2 billion write-down on CDO and subprime exposure in fourth-quarter 2007. The total fourth-quarter write-down of $1.9 billion is not substantially in excess of the firm's November guidance, which we had already integrated into our rating action on Nov. 15, 2007, when we lowered the long-term rating on Bear Stearns to 'A' from 'A+'. The negative outlook on the ratings reflects our concern that the general slowdown in the company's
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: The Bear Stearns Cos. Inc. Rating Unaffected By Fourth-Quarter Loss Announcement Publication date: 20-Dec-2007 Primary Credit Analyst: Diane Hinton, New York (1) 212-438-4415; diane_hinton@standardandpoors.com...
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| Report Type: | Bulletin
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| Ticker: | BSC
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| Issuer: | Bear Stearns Cos. LLC (The)
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| GICS: | Investment Banking & Brokerage (40203020)
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Financial Institutions, Global Issuers, Insurance, Public Finance, Residential MBS, Structured Finance
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| Country: | United States
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| Region: | United States
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