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MERRILL LYNCH COMMENTS ON FITCH RATINGS UPGRADES

 NEW YORK, Aug. 9 /PRNewswire/ -- Merrill Lynch & Co., Inc. (NYSE: MER) said it has been notified that Fitch Investors Service, Inc. has upgraded the ratings of Merrill Lynch's senior debt to `AA' from `AA-' and its preferred stock to `A+' from `A.'
 Chairman and CEO Daniel P. Tully said in a statement: "We are delighted with Fitch's upgrades, which reflect our continued commitment to tighter expense controls, a more stable and diversified revenue base with higher fee income and our focus on strong risk management.
 "These upgrades underscore our strong profitability as well as the leadership positions of our business franchises serving both our institutional and individual clients."
 Merrill Lynch & Co., Inc. senior debt is now rated `AA' or `AA-' by four of the six nationally recognized statistical rating organizations designated as such by the Securities and Exchange Commission.
 -0- 8/9/93
 /CONTACT: Fred Yager, media relations of Merrill Lunch, 212-449-7355/
 (MER)


CO: Merrill Lynch & Co., Inc. ST: New York IN: FIN SU: RTG

TM-WB -- NY088 -- 0932 08/09/93 17:21 EDT
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Publication:PR Newswire
Date:Aug 9, 1993
Words:174
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