| Abstract: | On March 24, 2008, Standard&Poor's Ratings Services raised its debt and counterparty credit ratings on Bear Stearns to 'AA-/A-1+' and removed them from CreditWatch Developing where they were placed on March 17, 2008. The outlook is stable. The rating action recognizes the strengthened immediate guarantee by JPMorgan Chase&Co. of all of Bear Stearns' counterparty obligations. JPMorgan will also assume Bear Stearns' debt obligations upon completion of the acquisition. In our view, the price increase and the anticipated increase in the amount of shares controlled by JPMorgan raise the probability that the deal will be completed. On its own, Bear Stearns' viability is uncertain. If the deal is amended in any way, we would review the circumstances
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: The Bear Stearns Cos. Inc. Ratings Raised, Removed From CreditWatch; Outlook Stable Publication date: 24-Mar-2008 Primary Credit Analyst: Diane Hinton, New York (1) 212-438-4415; diane_hinton@standardandpoor...
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| Report Type: | Research Update
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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, Corporations, 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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| Free Sample: |
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