Fitch, S&P Publish Ratings for J.P. Morgan Clearing Corp.
Aug 23, 2011
New York — Credit ratings agencies Fitch Ratings and Standard & Poor’s recently assigned ratings for J.P. Morgan Clearing Corp., one of the firm’s broker-dealer subsidiaries, at AA-/F1+ and AA-/A-1+ respectively.
This rating reflects the unconditional guarantee of J.P. Morgan Securities LLC (JPMS), the firm’s primary trading U.S. Broker-Dealer and Futures Commission Merchant. JPMS was also recently assigned the AA-/F1+ and AA-/A-1+ ratings from the two agencies.
JPMCC is a registered broker-dealer and investment adviser with the United States Securities and Exchange Commission and a futures commission merchant with the Commodities Futures Trading Commission, providing securities and futures clearing, customer financing, securities lending and related services.