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Summary: Morgan Stanley & Co. Inc. Trust Series 2008-2959 Ratings Placed On Watch Negative; Joint Criteria Aug 10 Product Image

Summary: Morgan Stanley & Co. Inc. Trust Series 2008-2959 Ratings Placed On Watch Negative; Joint Criteria Aug 10

  • ID: 1770652
  • August 2010
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services placed its 'AA+/A-1' and 'AA+' ratings on Morgan Stanley & Co. Inc. Trust (New Jersey) floater certificates and residual certificates series 2008-2959 on CreditWatch with negative implications. This action follows Standard & Poor's Aug. 4, 2010, placement of the underlying bond on CreditWatch with negative implications. The long-term component of the rating is based jointly (assuming low correlation) on the underlying bond and the guarantee from Morgan Stanley. The short-term component of the rating is based on liquidity provided by Morgan Stanley Bank N.A. USPF Criteria: Secondary Market Derivative Products, June 27, 2007...

Companies mentioned in this report are:
- Morgan Stanley & Co Inc Tr

Action: On CreditWatch:Negative

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

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