DBRS: Marshall & Ilsley positive review continues

DBRS said the review with positive implications remains on Marshall & Ilsley Corp. following the release of its fourth-quarter financial results for 2010.

The ratings on review include its issuer and senior debt ratings of BBB (high).

The ratings were placed under review in December after the company announced that it agreed to be acquired by BMO Financial Group, DBRS said.

If the merger closes, the agency said it expects to conclude the review, which would likely result in a multiple-notch upgrade.

Conversely, if the merger is not completed, the ratings would likely be negatively impacted, DBRS said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.