4/18/2008

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.

Full Story:
Financial Week

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