- Published: May 2012
- Region: United States
U.K.-Based Morgan Stanley Bank International 'A+/A-1' Ratings Assigned; Outlook Positive Nov 06
- Published: November 2006
- Region: Global, United Kingdom, Great Britain
- Standard & Poors
LONDON (Standard & Poor's) Nov. 2, 2006--Standard & Poor's Ratings Services said today that it assigned its 'A+/A-1' counterparty credit ratings to Morgan Stanley Bank International Limited (MSBIL), a London-based subsidiary of Morgan Stanley (A+/Positive/A-1). The outlook is positive. "The ratings on MSBIL primarily reflect its position in the Morgan Stanley group. MSBIL's close relationship is evidenced through its integration with the group in terms of operations, and risk processes and policies," said Standard & Poor's credit analyst Claire Curtin. The group also extends support in relation to MSBIL's funding and capital requirements. Loans originated by MSBIL, including credit card receivables, are mostly transferred to other group entities, preserving MSBIL's capital and lowering credit risk. Standard & Poor's notes, however,...
Companies mentioned in this report are:
- Morgan Stanley
Action: New Rating
Action: Outlook: Positive
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- Morgan Stanley