NEW YORK (Standard & Poor's) Dec. 10, 2007—Standard & Poor's Ratings Services
today published two reports to answer questions it has received concerning
local government pools, the effect of recent market disruptions on those
pools, and the potential effect on local government credit quality.
Standard & Poor's also has scheduled a teleconference for Thursday, Dec.
13, on these topics.
The reports are titled "Credit FAQ: U.S. State and Local Government
Investments And Recent Market Disruption," and "Credit FAQ: Local Government
Investment Pools."
The teleconference on Dec. 13 will begin at 3:00 p.m. Eastern time.
Live-Dial-In-Number: 1-210-234-6461
Conference ID#: 8380890
Passcode: SANDP
Replay Number: 1-203-369-1357
Replay will expire on Dec. 20, 2007
Live Audio Streaming:
URL: http://www.mymeetings.com. Under Participant Join, Select Join An Event
Conference ID#: 8380890
Passcode: SANDP
Replay Web Streaming:
URL: http://www.mymeetings.com, Under Participant Join, Select Join An Event
Conference ID#: 8380890
Passcode: SANDP
Web replay streaming will expire on Jan. 10, 2008
The report is available to subscribers of RatingsDirect, the real-time
Web-based source for Standard & Poor's credit ratings, research, and risk
analysis, at www.ratingsdirect.com. If you are not a RatingsDirect subscriber,
you may purchase a copy of the report by calling (1) 212-438-9823 or sending
an e-mail to research_request@standardandpoors.com. Ratings information can
also be found on Standard & Poor's public Web site at
www.standardandpoors.com; under Credit Ratings in the left navigation bar,
select Find a Rating, then Credit Ratings Search. Members of the media may
request a copy of this report by contacting the media representative provided.
Analytic services provided by Standard & Poor's Ratings Services (Ratings Services) are the result of separate activities designed to preserve the independence and objectivity of ratings opinions. The credit ratings and observations contained herein are solely statements of opinion and not statements of fact or recommendations to purchase, hold, or sell any securities or make any other investment decisions. Accordingly, any user of the information contained herein should not rely on any credit rating or other opinion contained herein in making any investment decision. Ratings are based on information received by Ratings Services. Other divisions of Standard & Poor's may have information that is not available to Ratings Services. Standard & Poor's has established policies and procedures to maintain the confidentiality of non-public information received during the ratings process.
Ratings Services receives compensation for its ratings. Such compensation is normally paid either by the issuers of such securities or third parties participating in marketing the securities. While Standard & Poor's reserves the right to disseminate the rating, it receives no payment for doing so, except for subscriptions to its publications. Additional information about our ratings fees is available at www.standardandpoors.com/usratingsfees.