[ExI] AIG Bail out

scerir scerir at libero.it
Thu Sep 18 20:39:41 UTC 2008


From: "BillK"
> There are many contributory factors and side-issues.

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Fitch cuts Lehman ratings,
expects to downgrade subsidiaries
By Simon Kennedy
6:38 a.m. EDT Sept. 15, 2008
LONDON (MarketWatch)-Fitch Ratings slashed its credit ratings on Lehman
Brothers (LEH: 0.14, -0.16, -51.8%) Monday after the U.S. firm said it
would file for bankruptcy. The rating agency cut its long-term issuer
default rating to D from A+ and its senior debt rating to CCC from A+
among other downgrades. Fitch said its ratings on the group's subsidiaries,
which are not included in the bankruptcy, will likely be downgraded as more
information becomes available.
http://tinyurl.com/52pyfy
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According to Fitch (I must check S&P and Moodys)
Lehman's rating was still A+ on Sept.15 !

Doesn't this ring a bell?




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