Merrill Lynch Canada, Goldman Sachs Canada Canadian Scale CP Ratings on Watch Negative Aug 02
- ID: 1783195
- August 2002
- Region: Canada
- Standard & Poors
TORONTO (Standard & Poor's) Aug. 21, 2002--Standard & Poor's Ratings Services today said its 'A-1(High)' Canadian national scale commercial paper ratings on Merrill Lynch & Co., Canada Ltd., Merrill Lynch Canada Finance Co., and Goldman Sachs Canada Finance Co. remain on CreditWatch with negative implications, where they were placed Aug. 15, 2002, following the CreditWatch placement of the guarantors of these Canadian subsidiaries on that date. If lowered, the Canadian national scale commercial paper ratings would not fall below 'A-1(Mid)'. The commercial paper issued by Merrill Lynch & Co., Canada Ltd. and Merrill Lynch Canada Finance Co. is supported by the unconditional guarantee provided by Merrill Lynch & Co. Inc. (Merrill Lynch; AA-/Watch Neg/A-1+). The Goldman Sachs Group Inc. (Goldman;...
Companies mentioned in this report are:
- Merrill Lynch & Co., Canada Ltd.
- Merrill Lynch & Co. Inc.
- The Goldman Sachs Group Inc.
- Goldman Sachs Canada Finance Co.
- BAC Canada Finance Company
Action: CreditWatch Update
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 risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
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