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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> J.P. Morgan Chase & Co.

S&P raises rating on J.P. Morgan’s broker-dealer subsidiary

Posted by RJ and Makay on Aug 11, 2011

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The Associated Press reported that Standard & Poors Ratings Services has raised its credit rating on J.P, Morgan Clearing Corp., a broker-dealer subsidiary of J.P. Morgan Chase & Co. The ratings upgrade, to AA/A-1+, was secured by J.P. Morgan Securities LLC unconditional guarantee of the obligations of J.P. Morgan Clearing, S&P said.