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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

  • Published: 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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different READ MORE >

- Morgan Stanley & Co Inc Tr

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