S&P Global Credit Markets Digest -- Asia-Pacific Update.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 6, 2003

Standard & Poor's--Here is the current lineup of top articles and research from Standard & Poor's:

COMING UP:

-- Industry Report Card: U.S. Engineering & Construction

-- Waiting for Tort Reform, U.S. Medical Malpractice Industry

Battles Loss Severity

-- Accounting Issues Raised by Equity Stakes Among Spanish Banks

-- A Real Appetite for Mexico's ABS Market--Everybody Wins

-- U.S. Banks Exposure to Commercial Real Estate

-- The Mortgage Insurance Industry--Overview

UPCOMING TELECONFERENCES:

-- Impact of Recent Accounting & Regulatory Issues on ABCP, June

10, 10:30 AM

-- Trends in European Banking; Tues., June 17, 10 AM

-- Forest Products Credit Quality; Wed., July 9, 10 AM

-- North American Building Materials, Homebuilder, and Home

Center Retail Credit Quality; Tues., July 29, 10 AM

All times U.S. Eastern. For complete details see ratingsdirect.com or standardandpoors.com

PUBLISHED:

RESEARCH REPORTS

CORPORATES

-- Japan's Integrated Electronics Companies' Ratings Under

Pressure

-- Report on U.S. Pension Liabilities Is Published

-- Report Published on Middlesex Water's Delaware Operations

Focus

-- Comparison Report Released on Investment-Grade Global

Industrial Gas Companies

-- Report Published That Examines U.S. Nuclear Energy Initiatives

FINANCIAL SERVICES

-- Wall Street Analysts Probe Insurance Industry Financial

Practices

-- Industry Report Card: Caribbean Banks

-- Industry Report Card: Latin American Banks

GLOBAL FIXED INCOME

-- Global Bond Markets' Weakest Links & Monthly Default Rates

STRUCTURED FINANCE

-- CDO Performance Benchmark "ROC Report" for June 2003 Released

-- FIN 46, Regulatory Relief, and U.S. ABCP Conduits

-- Servicer Evaluation: GMAC-RFC

-- Rated Overcollateralization Report June 2003

SOVEREIGNS

-- Commentary Assesses Growth Prospects in China

RATING ACTIONS:

CORPORATE RATINGS

-- Loblaw Companies Ltd.'s C$200 Million MTN Drawdown Rated 'A';

Other Ratings Affirmed

-- Western Wireless Corp.'s $100 Mil. Notes Rated 'CCC'; Ratings

Remain on Watch Negative

-- MEPC Ltd. on Watch Neg After Financial Profile and New

Management Concerns

-- Premcor Refining Group Inc.'s Proposed $250 Mil. Notes Rated

'BB-'; Rtgs Affirmed, Outlook Neg

-- Conrail Ratings Affirmed After Proposed Transfer of

Subsidiaries Announced

-- Schlumberger Ltd.'s $1.3 Billion Debentures Rated 'A+; Ratings

Affirmed, Outlook Negative

-- Santos' 'BBB+/A-2' Ratings Affirmed and Outlook Remains Stable

FINANCIAL SERVICES RATINGS

-- Bank Negara Indonesia's Proposed US$100 Million Subordinated

Notes Rated 'CCC+'

-- Outlook Revised to Positive on Spanish Banco Santander Central

Hispano; Ratings Affirmed

-- Outlook Revised to Stable on Spanish Banco Bilbao Vizcaya

Argentaria; Ratings Affirmed

-- Barclays Private Clients International Ltd. Assigned 'AA/A-1+'

Ratings; Outlook Stable

SOVEREIGN RATINGS

-- Republic of Ukraine's Upcoming $800 Million Eurobond Issue

Maturing 2013 Rated 'B'

U.S. PUBLIC FINANCE RATINGS

-- Preliminary 'SP-1' Rating Assigned to $11B California RAWs

STRUCTURED FINANCE RATINGS

-- SHIELD Issues Portfolio Credit-Linked Notes

-- Bond i Trust 2003-1 to Issue Portfolio Credit-Linked Notes

-- Credit Suisse First Boston Mortgage Securities Corp. Series

2003-C3 Certs Assigned Prelim Rtgs

-- Ratings Lowered in Global Aircraft Operating Lease-Backed

Securitizations; Outlook Negative

-- Preliminary Ratings Assigned in Mortgages Nos. 2 and 5's U.K.

RMBS Transaction

-- AB International Cayman Trust Rating Lowered

RESEARCH ANALYSES:

CORPORATES

-- Time Warner Telecom Inc.

-- Hewlett-Packard Co.

-- PetroKazakhstan Inc.

-- ElectraNet Pty Ltd.

-- Cingular Wireless LLC 

FINANCIAL SERVICES

-- Barclays Private Clients International Ltd.

-- Allied Irish Banks PLC

SOVEREIGNS

-- Fondo Latinoamericano de Reservas

STRUCTURED FINANCE

-- MASTR Asset Securitization Trust 2003-4

-- Credit Suisse First Boston Mortgage Securities Corp. 2003-AR12

Copyright (c) 2003, Standard & Poor's Ratings Services