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Bank One Corp. Ratings Placed on CreditWatch Positive; J.P. Morgan Chase Ratings Affirmed Jan 04
Standard & Poors, Jan 2004
Abstract
NEW YORK (Standard & Poor's) Jan. 14, 2004-Standard & Poor's Ratings Services today placed its 'A' long-term counterparty credit rating on Bank One Corp. (Bank One) and its 'A+' long-term counterparty credit rating on certain units of Bank One on CreditWatch with positive implications. The 'A-1' CP ratings on Bank One Corp are affirmed. At the same time, Standard & Poor's affirmed its 'A+' long-term counterparty credit rating on J.P. Morgan Chase & Co. (J.P. Morgan) and its 'AA-' long-term counterparty rating on certain units of J.P. Morgan upon the announcement of a merger between the two companies. Standard & Poor's anticipates that the merged company, J.P. Morgan Chase & Co., will carry the 'A+' rating of the predecessor company,...
Companies mentioned in this report are: Bank One Corp.,JPMorgan Chase & Co.
Action: Various Rating Actions
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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