UPDATE 1-Citigroup, Merrill bonds suggest lower ratings-Moody's

Story date: 2007-11-02 07:38:00
Added on: 2007-11-02 10:00:27

Reuters - ... AA-plus" rating at Fitch Ratings, the second-best grade. Deutsche analyst Mike Mayo estimates that Citigroup and Merrill each will have about $4 billion in write-downs in the current quarter, mainly because of their exposure to subprime mortgages ...


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