Tuesday, 3 June 2008

Can a derivatives business survive a single A rating?

Merrill and Lehman were downgraded to single A yesterday: Morgan Stanley is at A+ according to Bloomberg. If only one of them was being downgraded, the news would be catastrophic. As it is, is the new standard for a derivatives counterparty becoming single A? And if not, how will the broker/dealers derivatives business survive?

Labels: ,

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home