Movers: Lehman Brothers, Wachovia, Marriott, China Netcom

Monday's stocks in the news

S&P Ratings lowers its credit ratings on Morgan Stanley (MS) to A+ from AA-, Merrill Lynch (MER) to A from A+, and Lehman Brothers Holdings (LEH) to A from A+, and has a negative outlook on them. "The downgrade primarily reflects our concern that the pace and extent of earnings improvement could be considerably more muted than we previously assumed," said Standard & Poor's credit analyst Scott Sprinzen in a release.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.