DBRS Discontinues Ratings of Morgan Stanley Capital Trust VII Trust Preferred Securities

DBRS, Inc. (DBRS) has today discontinued the ratings of the Trust Preferred Securities issued by Morgan Stanley Capital Trust VII as the securities have been redeemed.

Morgan Stanley, including its Issuer & Senior Debt rating of A (high) with Stable Trend, is unaffected by this action.

Notes:
All figures are in U.S. dollars unless otherwise noted.

The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organisations (June 2014). Other applicable methodologies include the DBRS Criteria – Support Assessments for Banks and Banking Organisations (March 2015) and DBRS Criteria: Rating Bank Capital Securities – Subordinated, Hybrid, Preferred & Contingent Capital Securities (February 2015). These can be found at: http://www.dbrs.com/about/methodologies.

The primary sources of information used for this rating include company documents and SNL Financial. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality.

This rating is endorsed by DBRS Ratings Limited for use in the European Union.

Lead Analyst: Lisa Kwasnowski
Rating Committee Chair: Alan G. Reid
Initial Rating Date: July 31, 1998
Most Recent Rating: June 12, 2014