UPDATE 1-Moody's upgrades Morgan Stanley's baseline credit assessments

May 28, 2015 10:44 PM

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May 28 (Reuters) - Moody's Investors Service upgraded Morgan Stanley and its affiliates' baseline credit assessments to 'baa2' from 'baa3', citing the investment bank's increased business diversification and prospects for improved profitability.

Moody's also upgraded the bank's adjusted baseline credit assessment to 'baa1' from 'baa2'.(bit.ly/1Bsuv23)

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