Research Update: Germany-Based Morgan Stanley Bank AG Ratings Affirmed At 'A+/A-1' And Then Withdrawn At The Bank's Request Oct 11
- Language: English
- Published: October 2011
On Sept. 29, 2004, Standard & Poor's Ratings Services revised its outlook on Morgan Stanley and its rated subsidiaries to positive from stable. Morgan Stanley's 'A+/A-1' counterparty credit ratings are affirmed. The ratings reflect Morgan Stanley's diversified business mix, high capital adequacy, and strong profitability over the long term. Additionally, the firm has high market shares in investment banking and securities trading. The outlook indicates that over the medium term, if current trends continue, the firm's issuer credit ratings could be raised.Morgan Stanley's earnings performance, as reported, over the past several years has exhibited low volatility relative to that of its peers. Nonoperating charges have been minimal and primarily reflect impairment in the aircraft lease portfolio. Although GAAP accounting constrains...
Companies mentioned in this report are:
- Morgan Stanley
Action: Outlook: Positive
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Product Type: Research Update
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- Morgan Stanley