Printer Friendly

MERRILL LYNCH $150 MILLION 8 PERCENT NOTES DUE 2007 RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

MERRILL LYNCH $150 MILLION 8 PERCENT NOTES DUE 2007 RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, May 19 /PRNewswire/ -- Merrill Lynch & Co., Inc.'s $150 million 8 percent senior notes due June 1, 2007, are rated "A+" by Fitch, it was announced today.
 The rating reflects the company's improved profitability, continued improvement in overhead expense control, and enhanced asset quality through better risk controls. Strong 1991 earnings of $696.1 million were represented across all of Merrill Lynch's core businesses and continued in the first quarter 1992 with net earnings of $277.5 million. 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- 5/19/92
 /CONTACT: Teri L. Seelig of Fitch, 212-908-0500/
 (MER) CO: Merrill Lynch & Co. Inc. ST: New York IN: FIN SU: RTG


TS -- NY071 -- 1840 05/19/92 12:42 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 19, 1992
Words:160
Previous Article:UNIVERSITY OF WISCONSIN SYSTEM PRESIDENT LYALL ELECTED TO KEMPER NATIONAL BOARDS
Next Article:STRATEGIC GLOBAL INCOME FUND ASSET ALLOCATION
Topics:


Related Articles
S&P UPGRADES MERRILL LYNCH DEBT, PREFERRED STOCK RATINGS
MERRILL LYNCH $225 MILLION 8 PERCENT NOTE OFFERING RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH SENIOR SHELF DEBT RATED 'A+', SUBORDINATED 'A' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH $425 MILLION NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH $300 MILLION 6.75 PERCENT NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH $300 MILLION NOTES RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH $77.5 MILLION MITTS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --
MERRILL LYNCH $150 MILLION 7-3/8 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 --
MERRILL LYNCH SENIOR DEBT RATING UPGRADED TO 'AA-' BY FITCH -- FITCH FINANCIAL WIRE --

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters