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Bank One Corp. Ratings Raised and Removed from CreditWatch; J.P. Morgan Chase Ratings Affirmed Jul 04
Standard & Poors, July 2004
Abstract
NEW YORK (Standard & Poor's) July 1, 2004-Standard & Poor's Ratings Services today raised its ratings on Bank One Corp ( Bank One) and Bank One's units following its merger with J.P. Morgan Chase & Co. to the level of the new parent company, including Bank One's long-term counterparty credit rating, which was raised to 'A+' from 'A'. At the same time, the ratings for Bank One were removed from CreditWatch, where they were placed on Jan. 14, 2004. All ratings on J.P. Morgan Chase & Co. (J.P. Morgan Chase) and its units were affirmed at 'A+' for the holding company and 'AA-' for the operating bank units. The 'A-1' CP ratings on J.P. Morgan Chase were also affirmed. The...
Companies mentioned in this report are: Bank One Corp.,JPMorgan Chase & Co.
Action: Removed From CreditWatch
Action: Upgraded
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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