Moody's reassesses Merrill Lynch after Q1 loss

04/18/2008 | Financial Week

Merrill Lynch's loss of nearly $2 billion in the first quarter is forcing Moody's Investors Service to reconsider its long-term A1 rating. Moody's had expected Merrill Lynch to be profitable throughout the year. Now, Moody's forecasts potential further markdowns of about $6 billion, which would bring Merrill's total hit to well over $30 billion.

View Full Article in:

Financial Week

Published in Brief: