3.6.08

Morgan Stanley, Merrill, Lehman Ratings Cut by S&P (Update3)

June 2 (Bloomberg) -- Morgan Stanley, Merrill Lynch & Co. and Lehman Brothers Holdings Inc. declined in New York trading after Standard & Poor's lowered credit ratings for the investment banks, saying they may have to book more writedowns on devalued assets.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aKGr50Yu6uuc&refer=home

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