| Abstract: | On Sept. 23, 2008, Standard&Poor's Ratings Services lowered the counterparty credit and debt issue ratings on Lehman Brothers Inc. to 'D'. At the same time, we removed these ratings from CreditWatch, where they were placed with developing implications on Sept. 15 following the filing of Lehman Brothers Holdings Inc. (LBHI) for Chapter 11 bankruptcy protection. The rating action followed the granting of a court order to Securities Investor Protection Corp. commencing a liquidation proceeding against Lehman Brothers Inc., LBHI's principal U.S. broker-dealer subsidiary. Downgraded; CreditWatch/Outlook Action To From Lehman Brothers Inc. Counterparty Credit Rating D/D BB-/Watch Dev/B Commercial Paper Local Currency D B/Watch Dev Subordinated (1 issue) D BB-/Watch Dev Commercial Paper (1 issue) D B/Watch Dev
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Lehman Bros. Inc. Ratings To 'D'; Liquidation Proceeding Against Lehman Bros. Holdings Begins Publication date: 23-Sep-2008 Primary Credit Analyst: Scott Sprinzen, New York (1) 212-438-7812;...
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| Report Type: | Research Update
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| Ticker: | 8011Z
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| Issuer: | Lehman Brothers Inc.
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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, Corporations, Financial Institutions, Global Issuers, Insurance, Public Finance, Real Estate Companies, Residential MBS, Structured Finance, Utilities
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| Country: | United States
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| Region: | United States
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| Free Sample: |
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| Format: | | HTML |  |
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