Abstract: NEW YORK (Standard&Poor's) March 17, 2008--Standard&Poor's Ratings Services said today that it placed its 'BBB' long- and 'A-3' short-term counterparty credit ratings on The Bear Stearns Cos. Inc. (Bear) on CreditWatch with developing implications. The ratings had been placed on CreditWatch with negative implications on March 14, 2008. At the same time, Standard&Poor's affirmed its 'AA-' long- and 'A-1+' short-term counterparty credit ratings on JPMorgan Chase&Co. (JPMC). The outlook is stable. "The rating actions follow the recent announcement that JPMC has agreed to acquire Bear in an all-stock transaction. The transaction remains subject to shareholder approval," said Standard&Poor's credit analyst Diane Hinton. JPMC's acquisition of Bear comes after the banking

Brief Excerpt: RESEARCH Ratings Definitions Bear Stearns Cos. '###/A-3' Ratings Placed On Watch Dev; JPMorgan Chase Ratings Affirmed Publication date: 17-Mar-2008 Primary Credit Analysts: Diane Hinton, New York (1) 212-438-4415; diane_hinton@standardandpoors.com...

Report Type: News
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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 S&P Credit Research
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.