| Abstract: | 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 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," said Standard&Poor's credit analyst Diane Hinton. 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
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| Brief Excerpt: | RESEARCH Ratings Definitions The Bear Stearns Cos. Inc. Upgraded, Removed From CreditWatch; Outlook Stable Publication date: 24-Mar-2008 Primary Credit Analyst: Diane Hinton, New York (1) 212-438-4415; diane_hinton@standardandpoors.com...
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| Report Type: | Ratings Action
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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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| Free Sample: |
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| Format: | | HTML |  |
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