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Under watch: Rs 9,000 cr Merrill debts

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Press Trust of India Posted: Sep 24, 2008 at 0113 hrs IST
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Mumbai: : Credit rating agency Crisil has placed the ratings of Rs 9,000 crore debentures of DSP Merrill Lynch under watch. “The agency has revised the credit rating of the Rs 30 billion and Rs 60 billion short term debentures P1+ and P1+(so) respectively, which signifies that the debentures are under Rating Watch with Developing Implications,” debenture trustee IL&FS Trust Company said.

Recently, US-based investment banker Merrill Lynch was taken over by the Bank of America for $50 billion.


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