Standard & Poor's Securities Evaluations Adds Michael Dooley to its Interest Rate Swaps Pricing Team

New hire enhances Standard & Poor’s complex and structured finance mark-to-market services

NEW YORK, NY – June 2, 2005 – To meet the growing industry demand for reliable and independent pricing of complex financial products, Standard & Poor’s announced today the addition of Michael Dooley to Standard & Poor’s Securities Evaluations Interest Rate Swaps pricing team. Dooley is the latest addition to the growing staff of pricing specialists supporting complex and structured asset classes at Standard & Poor’s, a leading global provider of independent research, ratings and indices. With more than 18 years of hands-on experience, Michael Dooley has worked at such firms as Prudential Securities, Sumitomo Bank Securities and Massachusetts Mutual Life Insurance Company. Dooley will assume his position immediately.

"In recent months, we have been expanding our staff and evolving our services to meet our customers’ increasingly complex mark-to-market needs," says J.R. Rieger, Standard & Poor’s Vice President of Securities Evaluations. "While expanding our pricing capabilities to the taxable asset classes, we added
Michael to our Interest Rate Swaps team to support our clients’ growing needs to price complex structures."

Prior to bringing Dooley on board, Standard & Poor’s Securities Evaluations convened user groups in New York, San Francisco and Boston to help assess customer requirements for independent bond pricing. The next Securities Evaluations user group is being held in Chicago in June 2005.

Standard & Poor’s extensive product coverage delivers global fixed income and equity pricing services for more than four million securities; including over 40,000 international fixed income evaluations, municipal and U.S. fixed income evaluations, CDs, syndicated (bank) loans, and municipal performance indices.

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