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TEXT-S&P revises credit estimate guidelines

(The following statement was released by the rating agency)

Oct. 9 - Standard & Poor's Ratings Services said in an article just published on RatingsDirect that it is reducing the required timeframe for when it provides a credit estimate after a transaction closes in the Americas and Asia-Pacific regions. It is also providing further guidance, on a globally applicable basis, on when it may provide a credit estimate when a borrower requests a lender to amend existing debt facilities. The revisions, outlined in "Standard & Poor's Revises Credit Estimate Guidelines And Reaffirms Global Debt Issuance Limits For Private Ratings," take effect immediately.

These revisions were made based on continually evolving conditions in the debt capital markets. We previously implemented guidelines worldwide for both credit estimates and private ratings. These guidelines are designed to improve transparency and clarity and to provide consistency across all jurisdictions.

The report is available to subscribers of RatingsDirect on the Global Credit Portal at . If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to research_request@standardandpoors.com. Ratings information can also be found on Standard & Poor's public Web site by using the Ratings search box located in the left column at . Members of the media may request a copy of this report by contacting the media representative provided.

Business Contacts: Terrence R Streicher, New York (1) 212-438-7196;

terrence_streicher@standardandpoors.com Denis M O'Sullivan, Hong Kong (852) 2533-3522; denis_osullivan@standardandpoors.com Cameron Andrews, London (44) 20-7176-7027; cameron_andrews@standardandpoors.com

Media Contact: Mimi Barker, New York (1) 212-438-5054;

mimi_barker@standardandpoors.com (Reporting By Hilary Russ)

((Hilary.Russ@thomsonreuters.com; (646) 223-7381; Reuters Messaging: hilary.russ.thomsonreuters.com@reuters.net))

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