Morgan Stanley   Short-Term Debt Long-Term Debt Rating Outlook Dominion Bond Rating Service Limited R-1 (middle) A (high) Negative Fitch Ratings F1 A Stable Moody's Investors Service P-1 A2 Negative Rating & Investment Information, Inc. a-1 A+ Negative Standard & Poor's A-2 A- Negative

Morgan Stanley Bank, N.A.   Short-Term Debt Long-Term Debt Rating Outlook Fitch Ratings F1 A Stable Moody's Investors Service P-1 A1 Negative Standard & Poor's A-1 A Negative