USA: MOODY'S LOWERS RATINGS OF LEHMAN BROTHERS; WILL WITHDRAW RATINGS.

IPR Strategic Business Information Database | December 8, 2008 | Copyright

Moody's Investors Service downgraded the senior ratings of Lehman Brothers Holdings Inc. ("LBHI"), and those of certain guaranteed subsidiaries, to C from B3. The firm's subordinated debt was downgraded to C from Caa2, and its preferred stock to C from Ca. The senior long-term rating of Lehman Brothers Inc. was lowered to Ca from B1 and subordinated debt to C from B3. The short-term ratings for all rated Lehman entities are Not-Prime. This rating action concludes the review of Lehman's long-term ratings. Moody's will subsequently withdraw the ratings within the next ...

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