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S&P UPGRADES MERRILL LYNCH COMMERCIAL PAPER RATINGS

 NEW YORK, March 29 /PRNewswire/ -- Merrill Lynch & Co., Inc. (NYSE: MER) said today that it was notified by Standard & Poor's of its decision to upgrade Merrill Lynch's commercial paper rating to `A-1- plus' from `A-1'. Additionally, S&P revised the ratings outlook on Merrill Lynch from "stable" to "positive."
 With the upgrade, Merrill Lynch & Co., Inc.'s commercial paper now has received the highest possible rating from all six nationally recognized rating agencies.
 In announcing the upgrade, S&P praised Merrill Lynch for its "sound liquidity management practices and continued strengthening of its operations, the depth and diversity of which S&P believes will minimize liquidity risks even under adverse market conditions."
 The rating agency also upgraded the guaranteed commercial paper program of Merrill Lynch & Co., Canada Ltd., a wholly-owned subsidiary, to `A-1+' from `A-1'
 -0- 3/29/93
 /CONTACT: Fred Yager, media relations of Merrill Lynch, 212-449-7355/
 (MER)


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

AH-WB -- NY087 -- 0644 03/29/93 15:50 EST
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Publication:PR Newswire
Date:Mar 29, 1993
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