MLPFS - What does MLPFS stand for? The Free Dictionary
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Morgan and MLPFS
said offers are being terminated because the they or their affiliates have purchased an amount of the Windstream's outstanding revolving and term loans pursuant to certain open market loan repurchases conducted during the offering such that the conditions to the offers will not be satisfied.
As part of this plan, in the event of a resolution of BAC, it is expected that BofAMLS would be subject to a solvent wind-down, while MLPFS would remain open for business as a continuing subsidiary.
This expected rating incorporates the assumption that most current MLPFS institutional clients novate their accounts to BofAMLS as anticipated.
11 July 2011 -- S&P on Friday gave its A+/A-1 counterparty credit ratings with "negative" outlooks to Merrill Lynch, Pierce, Fenner & Smith Inc (MLPFS) and Merrill Lynch International (MLI).
MLPFS and MLI are the New York- and London-based broker-dealer units of Bank of America Corp (NYSE:BAC).