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Morgan Stanley Tries to Stave off Ratings Cut

April 05, 2012

James Gorman, Morgan Stanley’s chief executive, has been in discussions with Moody’s in an attempt to maintain its credit ratings and stave off a downgrade that could diminish the bank’s ability to buy the rest of Citigroup brokerage Smith Barney, according to people familiar with the matter.

Source: http://www.cnbc.com/id/46960813?__source=RSS*tag*&par=RSS
 
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