STANDARD & POOR'S CREDIT RATINGS AND RESEARCH AVAILABLE VIA REUTERS

NEW YORK - Standard & Poor's, a leading provider of independent financial
information, analytical services and credit ratings to the world's financial
markets, and Reuters today announced that Standard & Poor's real-time credit
ratings and research service, CreditWire®, will be available via Reuters
real-time financial information platform which is used by more than 150,000
market professionals around the world.

With Standard & Poor's CreditWire, Reuters financial market customers around
the world, in particular those engaged in sales, credit research and asset
management, will be able to access Standard & Poor's industry-leading credit
information via Reuters financial information platform, Reuters 3000 Xtra
(part of Reuters premium product suite), as well as Reuters 2000 and 3000
services.

Through the CreditWire service, Reuters customers will have immediate access
to Standard & Poor's comprehensive real-time credit information including:

-Summary Analysis - examines key risk and performance factors and
rationalizes the current rating and creditworthiness of particular issuers.
-Global Credit Markets Digest - daily highlights of recent research,
upcoming teleconferences and a list of important articles published at the
start of the Tokyo, London and New York business day.
-Ratings/Outlook Screen - provides real-time lists throughout the day of rating changes, bulletins and other actions pertaining to an issue, issuers or obligors.

Standard & Poor's credit information is now available on a subscription basis to Reuters customers at (SPW01). Standard & Poor's is currently offering a 30-Day free trial to CreditWire on Reuters at +44 20 7847 7431; no registration is required.

"Industry professionals need immediate access to well integrated information
and the availability of Standard & Poor's CreditWire on Reuters creates an
excellent delivery channel for real-time credit rating information," says
Peter Fiore, vice president of product and market management, Standard &
Poor's. "CreditWire subscribers via the Reuters service can easily access
comprehensive credit information, including real-time alerts that highlight
actual ratings changes, detailed information about the rating upgrade,
downgrade, or affirmation, along with industry focused analyst commentaries.
This service represents Standard & Poor's commitment to developing solutions
that provide our clients with a competitive advantage."

Paul Hansford, Director of Premium Services, Reuters, said, "The agreement
with Standard & Poor's brings Reuters financial customers real-time credit
information and analysis from one of the leading authorities in this market.
This supports Reuters aims to bring financial market professionals
best-in-class data in addition to analysis and transaction capabilities via
our flagship offering, Reuters 3000 Xtra."

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