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MERRILL LYNCH $300 MILLION 8.25 PERCENT SENIOR NOTES RATED

MERRILL LYNCH $300 MILLION 8.25 PERCENT SENIOR NOTES RATED A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, Nov. 12 /PRNewswire/ -- Merrill Lynch & Co.'s issue of $300 million 8.25 percent senior notes due Nov. 15, 1999 is rated A+' by Fitch.
 The rating reflects Merrill Lynch's improved profitability and higher net income, continued improvement in overhead expense control, and enhanced asset quality through better risk controls. Strong earnings for 1991's first nine months of $525 million was represented across all Merrill Lynch's core businesses. The company has improved its overall risk management and has a strong capital discipline. Merrill Lynch continues to maintain substantial liquidity at the parent company as well as its operating subsidiaries.
 -0- 11/12/91
 /CONTACT: Nancy E. Stroker, 212-908-0533 or Teri L. Seelig 212-908-0500, both of Fitch/
 (MER) CO: Merrill Lynch & Co. ST: New York IN: FIN SU: RTG SM -- NY057 -- 3472 11/12/91 12:35 EST
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Publication:PR Newswire
Date:Nov 12, 1991
Words:155
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