Bear Stearns Trading Risk Management Inc. Issuer Credit Rating Affirmed Mar 08
- ID: 2042069
- March 2008
- Standard & Poors
NEW YORK (Standard & Poor's) March 20, 2008--Standard & Poor's Ratings Services today affirmed its issuer credit rating on Bear Stearns Trading Risk Management Inc. (see list). The rating affirmation follows Bear Stearns Trading Risk Management tripping the termination trigger on March 14, 2008; the March 16, 2008, announcement of JPMorgan Chase & Co.'s (JPMorgan) proposed acquisition of The Bear Stearns Cos. Inc.; and JPMorgan's execution of the guarantee regarding the existing obligations of certain Bear Stearns Cos.'s affiliates, including Bear Stearns Capital Markets Inc. and Bear Stearns Financial Products Inc., a hedge counterparty to Bear Stearns Trading Risk Management. The rating affirmation reflects our view with respect to: -- The capital sufficiency following Bear Stearns Trading Risk Management's trigger...
Companies mentioned in this report are:
- Bear Stearns Trading Risk Management Inc.
- JPMorgan Chase & Co.
- Bear Stearns Financial Products Inc.
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Research type: News
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