| Title: | Research Update: The Bear Stearns Cos. Inc. Ratings Lowered And Placed On CreditWatch Negative |
| Price: | $175.00 |
| Publication Date: | Mar 14, 2008 |
| Report Type: | Research Update |
| Abstract: | 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- and short-term ratings on CreditWatch with negative implications. The rating action follows Bear's announcement that its liquidity position has substantially deteriorated in the past 48 hours. The severe impairment of Bear's liquidity has resulted in the negotiation of a 28-day, Fed-backed secured loan facility with JP Morgan Chase that is designed to ease Bear's liquidity pressures until it can implement a longer term funding structure. Bear has been experiencing significant stress in the past week because of concerns |
| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: The Bear Stearns Cos. Inc. Ratings Lowered And Placed On CreditWatch Negative Publication date: ##-Mar-#### Primary Credit Analyst: Diane Hinton, New York (#) ###-###-####; diane_hinton@standardandpoors.com... |
| Word Count: | 764 |
| Ticker: | BSC |
| Issuer: | Bear Stearns Cos. LLC (The) |
| GICS: | Investment Banking & Brokerage (40203020) |
| Sector: | Structured Finance, Global Issuers, Public Finance, Financial Institutions, Insurance, Corporations, Asset-Backed Securities, Collateralized Debt Obligations, Asset-Backed Commercial Paper, Commercial MBS, Residential MBS |
| Country: | United States |
| Region: | United States |
| Format: | 
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