Abstract: Standard&Poor's Ratings Services has lowered its ratings on Morgan Stanley, Merrill Lynch&Co. Inc., and Lehman Brothers Holdings Inc., having updated its assessment of the major investment banks and brokers. Standard&Poor's will hold a telephone conference call on Tuesday, June 3, at 10:30 a.m. EDT to discuss this and related actions. The live call-in numbers for this call are (1) 210-795-1098 (U.S./all others) and (44) 20-7108-6248 (U.K.); the Conference ID for this call is 2029583, and the passcode is SANDP. A replay of this call will be available starting about an hour after the call concludes through Tuesday, June 10th; the replay number will be (1) 203-369-1201. Although we evaluated and incorporated each company's unique

Brief Excerpt: RESEARCH Ratings Definitions S&P Completes Review Of Global Securities Industry; Ratings Lowered On Morgan Stanley, Merrill Lynch & Co. Inc., And Lehman Brothers Holdings Inc.; Outlooks Negative Publication date: 02-Jun-2008 Primary...

Report Type: Commentary
Sector: Global Issuers, Public Finance, 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.