Article: Fitch Downgrades L-T Component of Rating on Merrill Lynch P-FLOATs Series MT-317 to 'AA-'.

Fitch Ratings downgrades the long-term component of the rating assigned to Merrill Lynch P-FLOATs series MT-317 in connection with the substitution of the guarantee (BH Guarantee) currently provided by Berkshire Hathaway, Inc. (rated 'AA+' by Fitch) with a guarantee (ML Guarantee) provided by Merrill Lynch & Co., Inc. (Merrill Lynch; rated 'A+/F1+' by Fitch), securing the obligations of Merrill Lynch Capital Services, Inc. (MLCS) pursuant to a credit enhancement between Deutsche Bank Trust Company Americas, as custodian, and MLCS.

Effective Aug. 6, 2009, the BH Guarantee will be replaced by the ML Guarantee, and the long-term component of the rating will be ...

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