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TEXT-S&P: ports sector ratings depend largely on economy

(The following statement was released by the rating agency)

Oct 8 - Standard & Poor's Ratings Services today said that the fortunes, andthe ratings, of many of the world's ports largely depend on global and regionaleconomic trends. The report, "Port And Port Infrastructure Ratings Move WithThe Economic Tide," published today on RatingsDirect on the Global CreditPortal, notes that though Standard & Poor's looks at many factors whenevaluating a port's credit strength, the regional economy holds the greatestsway.

That said, other factors, such as political situations, ship-size capacity,and revenue mix can also be major rating factors for ports. The report detailsratings of many of the major global ports.

The report is available to subscribers of RatingsDirect on the Global CreditPortal at

. If you are not a RatingsDirectsubscriber, you may purchase a copy of the report by calling (1) 212-438-7280or sending an e-mail to research_request@standardandpoors.com. Ratingsinformation can also be found on Standard & Poor's public Web site by usingthe Ratings search box located in the left column at

.(New York Ratings Team)

((e-mail: pam.niimi@thomsonreuters.com; Reuters Messaging:pam.niimi.reuters.com@reuters.net; Tel:1-646-223-6330;))