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MERRILL LYNCH $100 MILLION 5-1/4 PERCENT SENIOR NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 MERRILL LYNCH $100 MILLION 5-1/4 PERCENT SENIOR NOTES
 RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
 NEW YORK, Oct. 15 /PRNewswire/ -- Merrill Lynch & Co.'s $100 million of 5-1/4 percent senior notes due Oct. 30, 1995, are rated 'A+' by Fitch. The credit trend is stable.
 The rating reflects the company's strong earnings, continued improvement in overhead expense control, and enhanced asset quality through better risk controls. The company reported record third quarter net earnings of $230.1 million which were represented across all of Merrill Lynch's core businesses. Net earnings for the nine months ended Sept. 30 were $735.3 million, up 40 percent from the same period a year earlier. The company has improved its overall risk management and has a strong capital discipline. Merrill continues to maintain substantial liquidity at the parent company as well as its operating subsidiaries.
 -0- 10/15/92
 /CONTACT: Teri L. Seelig, 212-908-0638, or Nancy E. Stroker, CFA 212-908-9533, both of Fitch/
 (MER) CO: Merrill Lynch & Co. ST: New York IN: FIN SU: RTG


LR -- NY071 -- 0472 10/15/92 13:31 EDT
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Publication:PR Newswire
Date:Oct 15, 1992
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