S&P Global Ratings assigned A+/A-1 long-term and short-term issuer credit ratings and A+/A-1 long-term and short-term resolution counterparty ratings to Morgan Stanley Private Bank NA.

The outlook on the ratings is stable.

The rating agency considers the bank a core unit of Morgan Stanley, and the bank was rated equally to the group's other core subsidiaries. The stable outlook on the bank also matches S&P's outlook on Morgan Stanley. The rating agency expects the ratings of the bank to move in unison with the ratings on other Morgan Stanley core subsidiaries.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings, a separately managed division of S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings. The original S&P Global Ratings document referred to in this news brief can be found here.