CORRECTED-(OFFICIAL)-Fitch release on Doral Financial

(Reuters) - July 20 - Fitch Ratings has affirmed and removed all of
Doral Financial Corporation's ratings from Rating
Watch Negative and DRL's Rating Outlook is Positive. Fitch
currently rates DRL's long-term Issuer Default Rating
'CCC'. The Support Rating Floor for DRL and its principal
subsidiary remains unchanged at No Floor . Please see a
complete list of affected ratings at the end of this release.




DRL's Positive Rating Outlook is driven by the closing of
the equity sale and the payment of a significant impending debt
maturity. On July 19, DRL announced that it had received all
regulatory approvals and closed the equity sale of a 90% stake
to Bear Stearns Merchant Banking for $610 million. In addition,
DRL announced today that they have paid the impending $625
million debt maturity.


Read more at Reuters.com Bonds News

UPDATE 1-SEC charges Ex-ESSI CEO and son with options fraud

(Reuters) - NEW YORK, July 12 - The former chairman of
defense contractor Engineered Support Systems Inc. and his son
were charged with stock options fraud on Thursday in a widening
U.S. securities investigation.




The Securities and Exchange Commission charged Michael F.
Shanahan Sr., who led ESSI's rapid rise as chairman and
co-founder, and his son, Michael F. Shanahan Sr., a former
director at the St. Louis-based company.


Read more at Reuters.com Government Filings News