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MERRILL LYNCH $77.5 MILLION MITTS RATED 'A+' BY FITCH -- FITCH FINANCIAL WIRE --

 MERRILL LYNCH $77.5 MILLION MITTS RATED 'A+' BY FITCH
 -- FITCH FINANCIAL WIRE --
 NEW YORK, July 24 /PRNewswire/ -- Merrill Lynch & Co.'s $77.5 million of S&P 500 Market Index Target Term Securities (MITTS - a service mark of Merrill Lynch & Co., Inc.) due Aug. 29, 1997, 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 second quarter net earnings of $227.7 million which were represented across all of Merrill Lynch's core businesses. Net earnings for the six months ended June 26 were $505.2 million. 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- 7/24/92
 /CONTACT: Nancy E. Stroker, 212-908-0533, or Teri L. Seelig, 212-908-0638, both of Fitch/
 (MER) CO: Merrill Lynch & Co. ST: New York IN: FIN SU: RTG


AH -- NY060 -- 3146 07/24/92 16:16 EDT
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Publication:PR Newswire
Date:Jul 24, 1992
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