Summary: The Bear Stearns Cos. Inc. - 2008/04/28 - S&P Credit Research

Report title: Summary: The Bear Stearns Cos. Inc.

from S&P Credit Research
620 word report published Apr 28, 2008

Price $175.00 available for immediate download

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Abstract:

Standard&Poor's Ratings Services' ratings on The Bear Stearns Cos. Inc. (Bear Stearns) reflect JPMorgan Chase&Co.'s (JPM) strengthened immediate guarantee of all of Bear Stearns' counterparty obligations. The ratings also reflect our opinion that JPM's acquisition of Bear Stearns will be successful. Upon completion of the acquisition, which we expect to occur by June 30, 2008, at the latest, we believe JPM will also assume all of Bear Stearns' debt obligations. Although Bear Stearns turned a small profit in first-quarter 2008 despite continued write-downs on subprime and related troubled exposures, its future as an independent going concern was severely compromised during the week of March 10, 2008, when market-induced pressure on liquidity effectively rendered the firm unable

Brief Excerpt:

RESEARCH Ratings Definitions Summary: The Bear Stearns Cos. Inc. Publication date: 28-Apr-2008 Primary Credit Analyst: Diane Hinton, New York (1) 212-438-4415; diane_hinton@standardandpoors.com Secondary Credit Analysts: Scott Sprinzen,...

Report Type:

Summary

Ticker:

BSC

Issuer:

Bear Stearns Cos. LLC (The)

GICS:

Investment Banking & Brokerage (40203020)

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

Country:

United States

Region:

United States

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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

Also from S&P Credit Research

Rating On Bear Stearns Cos. LLC US$100 Million Guaranteed Floating-Rate Notes Withdrawn $100.00
NEW YORK (Standard&Poor's) April 1, 2009--Standard&Poor's Ratings Services today withdrew its 'AA' rating on Bear Stearns Cos. LLC (The)'s US$100 million guaranteed floating-rate notes due April 20, 2030. We withdrew our rating because we have ...
The Bear Stearns Cos. Inc. Upgraded, Removed From CreditWatch; Outlook Stable $100.00
NEW YORK (Standard&Poor's) March 24, 2008--Standard&Poor's Ratings Services said today that it raised its debt and counterparty credit ratings on Bear Stearns to 'AA-/A-1+' and removed them from CreditWatch Developing where they were placed ...
Research Update: The Bear Stearns Cos. Inc. Ratings Raised, Removed From CreditWatch; Outlook Stable $175.00
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. ...
Bulletin: Rated Funds May Maintain Overnight Repurchase Agreements With The Bear Stearns Cos. Inc. $100.00
NEW YORK (Standard&Poor's) March 21, 2008--Standard&Poor's Ratings Services today affirmed its view that overnight repo investments with The Bear Stearns Cos. Inc. (BBB/Watch Dev/A-3) are consistent with our rated fund criteria that look to ...
The Bear Stearns Cos. Inc. Downgraded; Ratings Placed On CreditWatch Negative $100.00
NEW YORK (Standard&Poor's) March 14, 2008--Standard&Poor's Ratings Services said today that it lowered its long-term counterparty credit rating on The Bear Stearns Cos. Inc. (Bear) to 'BBB' from 'A' and its short-term rating to 'A-3' from 'A-1'. ...
Research Update: The Bear Stearns Cos. Inc. Ratings Lowered And Placed On CreditWatch Negative $175.00
On March 14, 2008, Standard&Poor's Ratings Services lowered its long-term counterparty credit rating on The Bear Stearns Cos. Inc. (Bear) to 'BBB' from 'A' and its short-term rating to 'A-3' from 'A-1'. At the same time, we placed the long- ...
Bulletin: The Bear Stearns Cos. Inc. Rating Unaffected By Fourth-Quarter Loss Announcement $100.00
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. ...
Bear Stearns Cos. Inc. L-T Rating Lowered To 'A'; 'A-1' S-T Rating Affirmed; Outlook Negative $100.00
NEW YORK (Standard&Poor's) Nov. 15, 2007--Standard&Poor's Ratings Services said today that it lowered its long-term counterparty credit rating on The Bear Stearns Cos. Inc. (Bear Stearns) to 'A' from 'A+'. At the same time, the 'A-1' short-term ...

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