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Alex. Brown Inc S&PWatch,Pos Re:Bankers Trust Merger Apr 97
Standard & Poors, April 1997
Abstract
NY -- Standard & Poor's CreditWire 4/7/97 -- Standard & Poor's today has placed its ratings of Alex. Brown Inc. on CreditWatch with positive implications. At the same, Standard & Poor's has affirmed its ratings on Bankers Trust New York Corp. and its units. The outlook is stable. (See ratings list below.) These actions follow the announcement by Bankers Trust that it has agreed to merge with Alex. Brown. The two companies focus on providing investment banking services to mid-sized domestic companies. Alex. Brown has a solid reputation in underwriting initial public offerings while Bankers Trust has an expertise underwriting high yield debt securities and syndicating leveraged loans. Going forward, Bankers Trust expects to provide both debt and equity underwriting...
Companies mentioned in this report are: Alex Brown Inc.,Deutsche Bank Trust Corp.,BT Alex. Brown Inc.,Deutsche Bank National Trust Company,Deutsche Bank Trust Company Delaware,Bankers Trust New Zealand Ltd.,Bankers Trust Australia Ltd.,BT Overseas Finance N.V.,Bankers Trust International PLC
Action: New Rating
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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