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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported) February 27,
1995
J.P. MORGAN & CO. INCORPORATED
(Exact name of registrant as specified in its charter)
DELAWARE 1-5885 13-2625764
(State or other juris- (Commission (IRS Employer
diction of File Number) Identification No.)
incorporation)
60 WALL STREET, NEW YORK, NEW YORK 10260-
0060
(Address of principal executive offices) (Zip
Code)
Registrant's telephone number, including area code (212) 483-
2323
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(Former name or former address, if changed since last
report)
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ITEM 5. OTHER EVENTS
On February 27, 1995, the Registrant issued a press
release
responding to Standard & Poor's rating announcement. A
copy of such
press release is filed herein as Exhibit 99.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION
AND EXHIBITS
(a) Financial Statements
NONE.
(b) Pro Forma Financial Information
NONE.
(c) Exhibits
99. Copy of press release of J.P. Morgan & Co.
Incorporated dated February 27, 1995.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the
registrant has duly caused this report to be signed on its behalf
by the
undersigned hereunto duly authorized.
J.P. MORGAN & CO. INCORPORATED
______________________________
(REGISTRANT)
/s/ PATRICIA A. JONES
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NAME: PATRICIA A. JONES
TITLE: MANAGING DIRECTOR
DATE: March 1, 1995
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EXHIBIT INDEX
Exhibit 99 - Press release of J.P. Morgan & Co.
Incorporated
dated February 27, 1995
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Exhibit 99
February 27, 1995
J.P. Morgan responds to S&P rating announcement
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Standard & Poor's today affirmed AAA credit ratings for J.P.
Morgan's bank subsidiaries, Morgan Guaranty Trust Company and
J.P. Morgan Delaware, and lowered the rating of the holding
company to AA+.
Morgan's exceptional capitalization, asset quality,
liquidity, and long-term profitability are reflected in Standard
& Poor's confirmation of triple-A ratings for our principal
operating units. Morgan retains the highest credit ratings
accorded any U.S. banking firm by both Standard & Poor's and
Moody's Investors Service.
In its announcement, Standard & Poor's cites J.P. Morgan's
"excellent risk controls" and "unique client franchise....which
should yield a staple of strong profits over the long term." The
rating agency states that Morgan holds "one of the premier global
financial services franchises in the world." S&P said the
outlook for both bank and holding company ratings is stable.
In lowering the holding company rating, S&P said that
"despite excellent risk controls, trading income is affected by
periodic market perturbations." Morgan expects this rating
action to have little effect on its business.
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