This listing contains the local- and foreign-currency credit rating histories of all sovereign issuers rated by Standard & Poor's as of November 2, 2001.  

Sovereign	Date	Local Currency Rating Long Term/Outlook/Short Term	Foreign Currency Rating Long Term/Outlook/Short Term
Argentina (Republic of)	Oct. 30, 2001	CC/Negative/C	CC/ Negative/C
	Oct. 9, 2001	CCC+/Negative/C	CCC+/Negative/C
	July 12, 2001	B-/Negative/C	B-/Negative/C
	June 6, 2001	B/Negative/C	B/Negative/C
	May 8, 2001	B/CW Neg./C	B/CW Neg./C
	March 26, 2001	B+/CW Neg./B	B+/CW Neg./B
	March 19, 2001	BB/CW Neg./B	BB-/CW Neg./B
	Nov. 14, 2000	BB/Stable/B	BB-/Stable/B
	Oct. 31, 2000	BBB-/CW-Neg./A-3	BB/CW-Neg./B
	Feb. 10, 2000	BBB-/Stable/A-3	BB/Stable/B
	July 22, 1999	BBB-/Negative/A-3	BB/Negative/B
	April 2, 1997	BBB-/Stable/A-3	BB/Stable/B
	March 8, 1995	BBB-/Stable/A-3	BB-/Stable/B
	Sept. 1, 1994	BBB-/Positive/A-3	BB-/Postive/B
	Aug. 22, 1994	—/Positive/A-3	BB-/Positive/B
	Feb. 4, 1994		BB-/Positive/—
	Aug. 25, 1993		BB-/Stable/—
Australia (Commonwealth of)	May 17, 1999	AAA/Stable/A-1+	AA+/Stable/A-1+
	Aug. 22, 1996	AAA/Stable/A-1+	AA/Positive/A-1+
	Sept. 3, 1993	AAA/Stable/A-1+	AA/Stable/A-1+
	July 27, 1992	AAA/Stable/A-1+	AA/Negative/A-1+
	Oct. 24, 1989		AA/Negative/A-1+
	June 26, 1989		AA+/Negative/A-1+
	Dec. 2, 1986		AA+/—/A-1+
	March 1, 1985		AAA/—/A-1+
	Nov. 23, 1981		AAA/—/—
	June 6, 1975		AAA/—/—
Austria (Republic of)	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Nov. 23, 1981		AAA/—/A-1+
	July 9, 1975		AAA/—/A-1
Barbados	Dec. 17, 1999	AA-/Stable/A-1+	A-/Stable/A-2
Belgium (Kingdom of)	May 6, 1998	AA+/Stable/A-1+	AA+/Stable/A-1+
	Aug. 3, 1995	AAA/Stable/A-1+	AA+/Stable/A-1+
	Nov. 26, 1992	AAA/Stable/—	AA+/Stable/A-1+
	July 1, 1992		AA+/Stable/A-1+
	June 26, 1989		AA+/Positive/A-1+
	Oct. 26, 1988		AA+/—/A-1+
Belize	Oct. 23, 2001	BB/Stable/B	BB-/Stable/B
	Aug. 18, 2000	BB+/Stable/B	BB/Stable/B
Bermuda	Jan. 29, 1999	AA/Stable/A-1+	AA/Stable/A-1+
	June 16, 1995		AA/Stable/—
Bolivia	October 18, 2000	BB/Stable/B	B+/Stable/B
	July 6, 1998	BB+/Stable/B	BB-/Stable/B
Botswana	April 2, 2001	A+/Stable/A-1	A/Stable/A-1
Brazil (Federative Republic of)	Aug. 9, 2001	BB+/Negative/B	BB-/Negative/B
	Jan. 3, 2001	BB+/Stable/B	BB-/Stable/B
	Feb. 29, 2000	BB/Positive/B	B+/Positive/B
	Nov. 9, 1999	BB-/Stable/B	B+/Stable/B
	Jan. 14, 1999	BB-/Negative/B	B+/Negative/B
	Sept. 10, 1998	BB+/Negative/B	BB-/Negative/B
	April 2, 1997	BB+/Stable/B	BB-/Stable/B
	June 19, 1996	BB/Positive/—	B+/Positive/—
	Dec. 20, 1995		B+/Positive/—
	July 18, 1995		B+/Stable/—
	Dec. 1, 1994		B/Positive/—
Bulgaria (Republic of)	May 10, 2000	BB-/Positive/B	B+/Positive/B
	Nov. 23, 1998	B/Positive/B	B/Positive/B
Canada	Feb. 24, 1997	AAA/Stable/A-1+	AA+/Stable/A-1+
	March 3, 1995	AAA/Stable/A-1+	AA+/Negative/A-1+
	Oct. 14, 1992	AAA/Stable/A-1+	AA+/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Nov. 23, 1981		AAA/—/A-1+
	June 13, 1978		AAA/—/A-1
	Nov. 3, 1951		AAA/—/—
Chile (Republic of)	Oct. 10, 2001	AA/Stable/A-1+	A-/Stable/A-1
	July 11, 1995	AA/Stable/A-1+	A-/Stable/A-1
	Dec. 21, 1993	AA/Stable/—	BBB+/Stable/—
	Nov. 30, 1992	AA/Stable/—	BBB/Stable/—
	Aug. 17, 1992		BBB/Stable/—
China (People's Republic of)	Oct. 9, 2001	BBB/Stable/A-3	BBB/Stable/A-3
	July 20, 1999		BBB/Stable/A-3
	July 16, 1998		BBB+/Negative/A-2
	May 14, 1997		BBB+/Stable/A-2
	July 19, 1993		BBB/Positive/A-2
	Feb. 20, 1992		BBB/Stable/A-2
	July 27, 1988		Satisfactory
Colombia (Republic of)	May 23, 2000	BBB/Negative/A-3	BB/Negative/B
	April 10, 2000	BBB+/Negative/A-2	BB+/Negative/B
	Sept. 21, 1999	BBB+/Stable/A-2	BB+/Stable/B
	June 11, 1999	A-/Negative/A-2	BBB-/Negatve/A-3
	May 5, 1998	A/Stable/A-1	BBB-/Stable/A-3
	Oct. 7, 1997	A+/Stable/—	BBB-/Stable/—
	Aug. 24, 1995	A+/Stable/—	BBB-/Positive/—
	Sept. 21, 1994		BBB-/Positive/—
	June 22, 1993		BBB-/Stable/—
Cook Islands	May 23, 2000	B/Stable/B	B/Stable/B
	Jan. 20, 1998	B-/Stable/C	B-/Stable/C
Costa Rica (Republic of)	July 27, 2000	BB+/Positive/B	BB/Positive/B
	July 16, 1997	BB+/Stable/B	BB/Stable/B
Croatia (Republic of)	Feb. 9, 2001	BBB+/Stable/A-2	BBB-/Stable/A-3
	June 3, 1999	BBB+/Negative/A-2	BBB-/Negative/A-3
	June 30, 1998	BBB+/Stable/A-2	BBB-/Stable/A-3
	Jan. 17, 1997	A-/Stable/A-2	BBB-/Stable/A-3
Cyprus (Republic of)	Dec. 3, 1999	AA-/Stable/A-1+	A/Stable/A-1
	Nov. 9, 1998	AA/Stable/A-1+	A+/Stable/A-1
	July 16, 1996	AA+/Stable/A-1+	AA-/Stable/A-1+
	Feb. 14, 1994		AA-/Stable/A-1+
	Aug. 26, 1991		Strong/A-1+
Czech Republic	Nov. 5, 1998	AA-/Stable/A-1+	A-/Stable/A-2
	June 30, 1998	AA/Stable/A-1+	A/Stable/A-1
	Nov. 7, 1995		A/Stable/A-1
	July 18, 1994		BBB+/Positive/—
	July 28, 1993		BBB/Positive/—
Denmark (Kingdom of)	Feb. 27, 2001	AAA/Stable/A-1+	AAA/Stable/A-1+
	May 13, 1998	AAA/Stable/A-1+	AA+/Positive/A-1+
	July 27, 1992	AAA/Stable/A-1+	AA+/Stable/A-1+
	Oct. 8, 1991		AA+/Stable/A-1+
	May 1, 1990		AA/Positive/A-1+
	June 26, 1989		AA/Stable/A-1+
	March 7, 1985		AA/—/A-1+
	Jan. 6, 1983		AA+/—/—
	March 1, 1981		AAA/—/—
Dominican Republic	June 12, 2001	B+/Positive/B	B+/Positive/B
	April 9, 1999	SD/NM/SD	B+/Stable/C
	Oct. 1, 1998	BB/CW-Neg./B	B+/CW-Neg. /B
	Nov. 11, 1997	BB/Stable/B	B+/Stable/B
	Feb. 13, 1997		B+/Positive/B
Ecuador (Republic of)	April 2, 2001	CCC+/Negative/C	CCC+/Negative/C
	August 28, 2000	B-/Stable/C	B-/Stable/C
	July 29, 2000	SD/NM/SD	SD/NM/SD
Egypt (Arab Republic of)	June 22, 2001	BBB+/Negative/A-2	BBB-/Negative/A-3
	July 3, 2000	A-/Negative/A-1	BBB-/Negative/A-3
	Jan. 15, 1997	A-/Stable/A-1	BBB-/Stable/A-3
El Salvador (Republic of)	Jan. 22, 2001	BB+/Stable/B	BB+/Stable/B
	April 29, 1999	BBB+/Stable/A-2	BB+/Stable/B
	Aug. 26, 1996	BBB+/Stable/A-2	BB/Positive/B
Estonia (Republic of)	Dec. 21, 2000	A-/Positive/A-2	BBB+/Positive/A-2
	Dec. 11, 1997	A-/Stable/A-2	BBB+/Stable/A-2
Finland (Republic of)	October 3, 2000	AA+/Positive/A-1+	AA+/Positive/A-1+
	Sept. 1, 1999	AA+/Stable/A-1+	AA+/Stable/A-1+
	May 6, 1998	AA/Positive/A-1+	AA/Positive/A-1+
	Dec. 17, 1996	AAA/Stable/A-1+	AA/Stable/A-1+
	Aug. 10, 1995	AAA/Stable/A-1+	AA-/Positive/A-1+
	March 11, 1993	AAA/—/—	AA-/Stable/A-1+
	Sept. 16, 1992	AAA/—/—	AA+/Negative/A-1+
	March 3, 1992	AAA/—/—	AA+/Stable/A-1+
	Dec. 18, 1990		AAA/Negative/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Nov. 23, 1981		AAA/—/A-1+
	Oct. 4, 1977		AAA/—/A-1
France (Republic of)	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Nov. 23, 1981		AAA/—/A-1+
	Jan. 1, 1981		AAA/—/A-1
	June 25, 1975		AAA/—/—
Germany (Federative Republic of)	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Aug. 17, 1983		AAA/—/A-1+
Greece (Hellenic Republic)	March 13, 2001	A/Positive/A-1	A/Positive/A-1
	Nov. 24, 1999	A-/Positive/A-1	A-/Positive/A-1
	Nov. 30, 1998	A-/Positive/A-1	BBB/Positive/A-3
	March 26, 1997	A-/Positive/A-1	BBB-/Positive/A-3
	March 8, 1994		BBB-/Stable/A-3
	Jan. 13, 1993		BBB-/Positive/A-3
	July 19, 1990		BBB-/Stable/A-3
	March 1, 1990		BBB/Negative/A-2
	June 26, 1989		BBB/Stable/A-2
	Sept. 9, 1988		BBB/—/A-2
	April 22, 1987		Satisfactory/—
Guatemala (Republic of)	Oct. 18, 2001	BB+/Stable/B	BB/Stable/B
Hong Kong	Feb. 8, 2001	AA-/Stable/A-1+	A+/Stable/A-1
	Dec. 7, 1999	A+/Stable/A-1	A/Stable/A-1
	Aug. 31, 1998	A+/Negative/A-1	A/Negative/A-1
	June 22, 1998	AA-/CW-Neg./A-1+	A+/CW-Neg./A-1+
	May 14, 1997	AA-/Stable/A-1+	A+/Stable/A-1+
	Feb. 13, 1995	A+/Positive/A-1	A/Positive/A-1
	Sept. 7, 1993	A+/Negative/—	A/Negative/A-1
	Dec. 4, 1992	A+/CW-Neg./—	A/CW-Neg./A-1
	Feb. 12, 1990		A/Stable/A-1
	June 26, 1989		A+/Negative/A-1+
	Oct. 23, 1988		A+/—/A-1+
Hungary (Republic of)	Dec. 19, 2000	A+/Stable/A-1	A-/Stable/A-2
	Feb. 2, 2000	A/Positive/A-1	BBB+/Positive/A-2
	Dec. 11, 1998	A/Stable/A-1	BBB/Positive/A-3
	Jan. 22, 1998	A-/Positive/A-1	BBB-/Positive/A-3
	July 27, 1997	A-/Stable/A-1	BBB-/Stable/A-3
	Oct. 28, 1996	A-/Stable/A-1	BBB-/Stable/—
	Jan. 31, 1996		BB+/Stable/—
	Feb. 6, 1995		BB+/Negative/—
	April 15, 1994		BB+/Stable/—
	April 20, 1992		BB+/Positive/—
Iceland (Republic of)	Oct. 22, 2001	AA+/Negative/A-1+	A+/Negative/A-1+
	March 21, 2001	AA+/Stable/A-1+	A+/Stable/A-1+
	May 27, 1998	AA+/Stable/A-1+	A+/Positive/A-1+
	May 20, 1998	AA+/Stable/—	A+/Positive/A-1+
	March 15, 1996	AA+/Stable/—	A+/Stable/A-1+
	Jan. 20, 1994		A/Stable/A-1
	June 26, 1989		A/Stable/A-1
	Feb. 14, 1989		A/—/A-1
India (Republic of)	August 7, 2001	BBB-/Negative/A-3	BB/Negative/B
	October 10, 2000	BBB/Stable/A-3	BB/Stable/B
	March 20, 2000	BBB/Stable/A-3	BB/Positive/B
	Oct. 22, 1998	BBB/Stable/A-3	BB/Stable/B
	May 22, 1998	BBB+/Negative/—	BB+/Negative/B
	Oct. 6, 1997	BBB+/Stable/—	BB+/Stable/B
	Oct. 1, 1996	BBB+/Positive/—	BB+/Positive/B
	Sept. 29, 1991		BB+/Stable/B
	May 29, 1991		BB+/CW-Neg./B
	March 7, 1991		BBB-/CW-Neg./A-3
	Sept. 13, 1990		BBB/Stable/A-2
Indonesia (Republic of)	Nov. 2, 2001	B-/Negative/C	CCC/Negative/C
	July 30, 2001	B-/Stable /C	CCC+/Stable/C
	May 21, 2001	B-/Negative/C	CCC+/Negative/C
	March 8, 2001	B/Negative/C	B-/Negative/C
	October 2, 2000	B/Stable/C	B-/Stable/C
	April 17, 2000	B-/Stable/C	SD/NM/SD
	Sept. 13, 1999	B-/CW-Neg./C	CCC+/CW-Neg./C
	March 31, 1999	B-/Stable/C	CCC+/Stable/C
	March 30, 1999	B-/Negative/—	SD/NM/—
	July 8, 1998	B-/Negative/—	CCC+/Negative/—
	May 15, 1998	B-/CW-Neg./—	CCC+/CW-Neg./—
	March 11, 1998	B+/CW-Neg./—	B-/CW-Neg./—
	Jan. 27, 1998	BB-/CW-Neg./—	B/CW-Neg./—
	Jan. 9, 1998	BBB/CW-Neg./—	BB/CW-Neg./—
	Dec. 31, 1997	BBB+/Neg./—	BB+/Neg./—
	Oct. 10, 1997	A-/Stable/—	BBB-/Stable/—
	May 30, 1996	A+/Stable/—	BBB/Stable/—
	April 18, 1995		BBB/Stable/—
	July 20, 1992		BBB-/Positive/—
Ireland (Republic of)	October 3, 2001	AAA/Stable/A-1+	AAA/Stable/A-1+
	October 3, 2000	AA+/Positive/A-1+	AA+/Positive/A-1+
	May 6, 1998	AA+/Stable/A-1+	AA+/Stable/A-1+
	May 3, 1995	AAA/Stable/A-1+	AA/Stable/A-1+
	May 10, 1994	AAA/Stable/A-1+	AA-/Positive/A-1+
	Jan. 21, 1993	AAA/Stable/A-1+	AA-/Stable/A-1+
	Oct. 12, 1989		AA-/Stable/A-1+
	June 26, 1989		A+/Positive/A-1+
	Oct. 1, 1988		A+/—/A-1+
	Nov. 7, 1986		Strong/A-1+
	July 1, 1986		Strong/—
Isle of Man	Feb. 29, 2000	AAA/Stable/A-1+	AAA/Stable/A-1+
Israel (State of)	Oct. 23, 2000	AA-/Stable/A-1+	A-/Stable/A-1
	Feb. 15, 2000	AA-/Positive/A-1+	A-/Positive/A-1
	Aug. 1, 1996	AA-/Stable/A-1+	A-/Stable/A-1
	Dec. 4, 1995		A-/Stable/A-1
	Sept. 21, 1993		BBB+/Stable/A-2
	Jan. 19, 1993		BBB/Stable/A-2
	Oct. 10, 1991		BBB-/Positive/A-3
	June 26, 1989		BBB-/Negative/A-3
	Oct. 26, 1988		BBB-/—/A-3
Italy (Republic of)	May 6, 1998	AA/Stable/A-1+	AA/Stable/A-1+
	May 3, 1996	AAA/Stable/A-1+	AA/Negative/A-1+
	Feb. 15, 1995	AAA/Stable/—	AA/Negative/A-1+
	March 2, 1993		AA/Stable/A-1+
	May 6, 1992		AA+/Negative/A-1+
	May 30, 1991		AA+/Stable/A-1+
	June 26, 1989		AA+/Positive/A-1+
	Nov. 30, 1988		AA+/—/A-1+
	July 1, 1986		Very Strong
Jamaica	May 2, 2001	BB-/Stable/B	B+/Stable/B
	Dec.13, 2000	B+/Positive/B	B/Positive/B
	Nov. 9, 1999	B+/Stable/—	B/Stable/—
Japan	Sept. 11, 2001	AA+/Negative/A-1+	AA+/Negative/A-1+
	Feb 22, 2001	AA+/Stable/A-1+	AA+/Stable/A-1+
	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	Dec. 4, 1991		AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/—
	Feb. 28, 1975		AAA/—/—
Jordan (Hashemite Kingdom of)	April 9, 2001	BBB-/Stable/A-3	BB-/Positive/B
	Oct. 27, 1999	BBB-/Stable/A-3	BB-/Stable/B
	Feb. 1, 1999	BBB-/Negative/A-3	BB-/Negative/—
	Sept. 26, 1996	BBB-/Stable/A-3	BB-/Stable/—
	Oct. 27, 1995	BBB-/Stable/A-3	B+/Positive/—
Kazakhstan (Republic of)	May 18, 2001	BB+/Stable/B	BB/Stable/B
	July 28, 2000	BB/Stable/B	BB-/Stable/B
	Dec. 22, 1999	BB-/Stable/B	B+/Stable/B
	Sept. 16, 1998	BB-/Negative/B	B+/Negative/B
	Nov. 5, 1996	BB+/Stable/B	BB-/Stable/B
Korea (Republic of)	Nov. 11, 1999	A/Positive/A-1	BBB/Positive/A-3
	Jan. 25, 1999	A-/Positive/A-2	BBB-/Positive/A-3
	Jan. 4, 1999	BBB+/Positive/A-2	BB+/Positive/B
	Feb. 18, 1998	BBB+/Stable/A-2	BB+/Stable/B
	Jan. 16, 1998	BBB-/CW-Dev./A-3	B+/CW-Dev./C
	Dec. 22, 1997	BBB-/CW-Neg./A-3	B+/CW-Neg./C
	Dec. 11, 1997	A-/CW-Neg./A-2	BBB-/CW-Neg./A-3
	Nov. 25, 1997	A+/CW-Neg./A-1	A-/CW-Neg./A-2
	Oct. 24, 1997	AA/Negative/A-1+	A+/Negative/A-1
	Aug. 6, 1997		AA-/Negative/A-1+
	May 3, 1995		AA-/Stable/A-1+
	Nov. 9, 1994		A+/Positive/A-1+
	June 9, 1994		A+/Negative/A-1+
	June 26, 1989		A+/Positive/A-1+
	Oct. 1, 1988		A+/—/A-1+
Kuwait (State of)	Oct. 23, 1997	A+/Stable/A-1+	A/Stable/A-1
Latvia (Republic of)	Aug 9, 2001	A-/Stable/A-2	BBB/Positive/A-3
	Jan. 16, 1997	A-/Stable/A-2	BBB/Stable/A-3
Lebanon (Republic of)	September 28, 2001	B/Negative/B	B/Negative/B
	May 25, 2001	B+/Negative/B	B+/Negative/B
	Sept 18, 2000	BB-/Stable/B	B+/Stable/B
	June 16, 2000	BB/ CW-Neg./B*	BB-/ CW-Neg./B*
	June 7, 2000	BB/CW-Neg. /B	BB-/CW-Neg/B
	Feb. 5, 1998	BB/Negative/B	BB-/Negative/B
	Feb. 26, 1997	BB/Stable/B	BB-/Stable/B
Liechtenstein (Principality of)	Dec. 2, 1996	AAA/Stable/A-1+	AAA/Stable/A-1+
Lithuania (Republic of)	June 9, 1997	BBB+/Stable/A-2	BBB-/Stable/A-3
Luxembourg (Grand Duchy of)	April 28, 1994	AAA/Stable/A-1+	AAA/Stable/A-1+
	Dec. 4, 1988		Very Strong/A-1+
Malaysia (Federation of)	April 4, 2001	A/Stable/A-1	BBB/Stable/A-3
	Sept. 1, 2000	A/Stable/A-1	BBB/Positive/A-3
	Nov. 10, 1999	A/Stable/A-1	BBB/Stable/A-3
	March 31, 1999	A-/Stable/A-2	BBB-/Stable/A-3
	Sept. 15, 1998	A-/Negative/A-2	BBB-/Negative/A-3
	July 24, 1998	A+/Negative/A-1	BBB+/ Negative /A-2
	April 17, 1998	AA-/Stable/A-1+	A-/Stable/A-2
	Dec. 23, 1997	AA/Negative/A-1+	A/Negative/A-1
	Sept. 25, 1997	AA+/Negative/A-1+	A+/Negative/A-1+
	Aug. 18, 1997	AA+/Stable/A-1+	A+/Stable/A-1+
	March 28, 1996	AA+/Positive/—	A+/Positive/A-1+
	Dec. 29, 1994	AA+/Stable/—	A+/Stable/A-1+
	Jan. 18, 1993	AA+/Stable/—	A/Positive/A-1
	July 8, 1991		A/Stable/A-1
	June 26, 1989		A-/Positive/A-1
	March 16, 1989		A-/—/A-1
Malta (Republic of)	May 2, 2000	AA-/Stable/A-1+	A/Stable/A-1
	March 10, 1999	AA-/Negative/A-1+	A/Negative/A-1
	June 19, 1998	AA+/Negative/—	A+/Negative/A-1
	May 6, 1996	AA+/Stable/—	A+/Stable/A-1+
	March 14, 1994		A/Stable/—
United Mexican States	March 10, 2000	BBB+/Positive/A-2	BB+/Positive/B
	Sept. 2, 1999	BBB+/Stable/A-2	BB/Positive/B
	Oct. 2, 1998	BBB+/Stable/A-2	BB/Stable/B
	Sept. 2, 1997	BBB+/Positive/A-2	BB/Positive/B
	Sept. 3, 1996	BBB+/Stable/A-2	BB/Stable/B
	March 23, 1995	BBB+/Negative/A-2	BB/Negative/—
	Feb. 10, 1995	A/Negative/A-1	BB/Stable/—
	Dec. 23, 1994	A+/CW-Neg./A-1	BB+/CW-Neg./—
	Nov. 18, 1993	AA-/Stable/A-1+	BB+/Positive/—
	Nov. 3, 1992	AA-/Stable/A-1+	BB+/Stable/—
	July 30, 1992		BB+/Stable/—
	Nov. 14, 1991		Adequate/—
Mongolia	June 14, 2001	B/Positive/B	B/Positive/B
	Dec. 23, 1999	B/Stable/—	B/Stable/—
Morocco (Kingdom of)	Nov. 2, 2001	BBB/Negative/A-3	BB/Negative/B
	March 2, 1998	BBB/Stable/A-3	BB/Stable/B
Netherlands (Kingdom of)	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	Oct. 21, 1991		AAA/Stable/A-1+
	Jan. 25, 1990		AAA/Negative/A-1+
	June 26, 1989		AAA/—/A-1+
New Zealand	Mar. 6, 2001	AAA/Stable/A-1+	AA+/Stable/A-1+
	Sept. 10, 1998	AAA/Stable/A-1+	AA+/Negative/A-1+
	Jan. 31, 1996	AAA/Stable/A-1+	AA+/Stable/A-1+
	Nov. 2, 1995	AAA/Stable/A-1+	AA/Stable/A-1+
	Dec. 22, 1994	AAA/Stable/—	AA/Stable/A-1+
	July 7, 1994	AAA/Stable/—	AA-/Positive/A-1+
	April 21, 1993	AAA/Stable/—	AA-/Stable/A-1+
	Aug. 1, 1992	AAA/—/—	AA-/Stable/A-1+
	Jan. 22, 1991		AA-/Stable/A-1+
	June 26, 1989		AA/Negative/A-1+
	Sept. 18, 1986		AA/—/A-1+
	April 29, 1983		AA+/—/—
	Nov. 1, 1976		AAA/—/—
Norway (Kingdom of)	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	Nov. 21, 1990		AAA/Stable/A-1+
	Nov. 8, 1990		AAA/Stable/—
	June 26, 1989		AAA/Negative/—
	July 9, 1975		AAA/—/—
Oman (Sultanate of)	Feb. 27, 2001	BBB+/Stable/A-2	BBB/Stable/A-3
	Dec. 10, 1999	BBB/Stable/A-3	BBB-/Stable/A-3
	March 18, 1999	BBB/Negative/A-3	BBB-/Negative/A-3
	Feb. 1, 1996		BBB-/Stable/—
Pakistan (Islamic Republic of)	Dec. 21, 1999	B+/Stable/B	B-/Stable/B
	July 9, 1999	B/Stable/B	SD/Not Meaningful/SD
	Jan. 29, 1999		SD/Not Meaningful/SD
	Dec. 3, 1998		CC/Negative/C
	Oct. 12, 1998		CCC-/Negative/C
	July 14, 1998		CCC/CW-Neg./C
	June 1, 1998		B-/CW-Neg./C
	May 22, 1998		B+/CW-Neg./B
	Jan. 14, 1998		B+/Negative/B
	Aug. 3, 1995		B+/Stable/B
	Nov. 21, 1994		B+/Positive/—
Panama (Republic of)	July 6, 2000	BB+/Stable/—	BB+/Stable/B
	Dec. 10, 1999	BB+/Negative/—	BB+/Negative/B
	April 22, 1997	BB+/Stable/—	BB+/Stable/B
	Jan. 22, 1997		BB+/Stable/B
Papua New Guinea (Independent State of)	Aug 6, 2001	BB-/Stable/B	B/Stable/C
	Mar. 21, 2001	BB/Negative/B	B+/Negative/B
	June 29, 2000	BB/Stable/B	B+/Stable/B
	Sept. 1, 1999	BB/Negative/B	B+/Negative/B
	July 26, 1999	BB/CW-Neg./B	B+/CW-Neg./B
	Jan. 25, 1999	BB/Stable/B	B+/Stable/B
Paraguay (Republic of)	June 25, 1999	BB-/Negative/B	B/Negative/C
	Feb. 3, 1999	BB+/Negative/B	B+/Negative/B
	Nov. 19, 1998	BBB-/Negative/A-3	BB-/Negative/B
	Oct. 23, 1995	BBB-/Stable/—	BB-/Stable/—
Peru (Republic of)	Sept. 24, 2001	BB+/Stable/B	BB-/Stable/B
	Oct. 31, 2000	BB+/Stable/B	BB-/Stable/B
	Sept. 19, 2000	BBB-/Negative/A-3	BB/Negative/B
	June 15, 2000	BBB-/Stable/A-3	BB/Stable/B
	May 19, 2000	BBB-/CW Negative/A-3	BB/CW Negative/B
	Dec. 18, 1997	BBB-/Stable/A-3	BB/Stable/B
Philippines (Republic of the)	Oct. 19, 2000	BBB+/Negative/A-2	BB+/Negative/B
	Jan. 6, 1999	BBB+/Stable/A-2	BB+/Stable/B
	Feb. 23, 1998	BBB+/Negative/A-2	BB+/Negative/B
	Sept. 25, 1997	A-/Stable/A-1	BB+/Stable/B
	Feb. 21, 1997	A-/Positive/A-1	BB+/Positive/—
	May 30, 1995	BBB+/Positive/A-2	BB-/Positive/—
	March 23, 1995	BBB/Positive/A-2	BB-/Positive/—
	Nov. 2, 1994	BBB/Positive/—	BB-/Positive/—
	July 2, 1993		BB-/Stable/—
Poland (Republic of)	August 22, 2001	A+/Stable/A-1	BBB+/Stable/A-2
	April 12, 2001	A+/Stable/A-1	BBB+/Positive/A-2
	May 15, 2000	A+/Stable/A-1	BBB+/Stable/A-2
	June 10, 1999	A/Positive/A-1	BBB/Positive/A-3
	June 3, 1997	A-/Positive/A-1	BBB-/Positive/A-3
	April 10, 1996	A-/Stable/A-1	BBB-/Stable/—
	June 1, 1995		BB/Positive/—
Portugal (Republic of)	Dec. 15, 1998	AA/Stable/A-1+	AA/Stable/A-1+
	May 6, 1998	AA-/Positive/A-1+	AA-/Positive/A-1+
	Oct. 6, 1997	AAA/Stable/A-1+	AA-/Positive/A-1+
	May 27, 1993	AAA/Stable/A-1+	AA-/Stable/A-1+
	Oct. 25, 1991		A+/Stable/A-1+
	June 26, 1989		A/Positive/A-1
	Oct. 1, 1988		A/—/A-1
	May 25, 1987		Satisfactory
Qatar (State of)	March 9, 2001	A-/Positive/A-2	BBB+/Positive/A-2
	Jan. 5, 1999	BBB+/Stable/A-2	BBB/Stable/A-3
	Feb. 1, 1996		BBB/Stable/—
Romania (Republic of)	June 7, 2001	B+/Positive/B	B/Positive/B
	March 5, 2001	B/Positive/C	B-/Positive/C
	Aug 4, 2000	B/Stable/C	B-/Stable/C
	April 1, 1999	B/Negative/C	B-/Negative/C
	Oct. 19, 1998	B+/Negative/B	B-/Negative/C
	May 20, 1998	BBB-/Stable/B	B+/Stable/B
	Jan. 23, 1998	BBB-/CW-Neg./A-3	BB-/CW-Neg./B
	April 30, 1997	BBB-/Stable/A-3	BB-/Stable/B
	March 6, 1996	BBB-/Stable/—	BB-/Stable/—
Russian Federation (The)	June 27, 2001	B/Stable/B	B/Stable/B
	Dec. 8, 2000	B-/Stable/C	B-/Stable/C
	July 27, 2000	B-/Stable/C	SD/Not Meaningful/SD
	Feb. 15, 2000	CCC+/Positive/C	SD/Not Meaningful/SD
	May 7, 1999	CCC/Stable/C	SD/Not Meaningful/SD
	Jan. 27, 1999		SD/Not Meaningful/SD
	Sept. 16, 1998		CCC-/Negative/C
	Aug. 17, 1998		CCC/Negative/C
	Aug. 13, 1998		B-/Negative/C
	June 9, 1998		B+/Stable/B
	May 27, 1998		BB-/CW-Neg./B
	Dec. 19, 1997		BB-/Negative/B
	Oct. 4, 1996		BB-/Stable/B
Senegal	Dec 18, 2000	B+/Stable/B	B+/Stable/B
Singapore (Republic of)	March 6, 1995	AAA/Stable/A-1+	AAA/Stable/A-1+
	Sept. 6, 1991		AA+/Stable/A-1+
	June 26, 1989		AA/Positive/A-1+
	May 24, 1989		AA/—/A-1+
	July 30, 1987		Very Strong/—
Slovak Republic	Nov. 9, 2000	BBB+/Positive/A-2	BB+/Positive/B
	Nov. 12, 1999	BBB+/Stable/A-2	BB+/Stable/B
	Sept. 17, 1998	BBB+/Negative/A-2	BB+/Negative/B
	April 7, 1998	A/Negative/A-1	BBB-/Negative/A-3
	June 24, 1997	A/Stable/A-1	BBB-/Stable/A-3
	April 11, 1996	A/Stable/A-1	BBB-/Stable/—
	April 5, 1995		BB+/Stable/—
	Feb. 15, 1994		BB-/Stable/—
Slovenia (Republic of)	Jan. 15, 1998	AA/Stable/A-1+	A/Stable/A-1
	May 8, 1996	AA/Stable/—	A/Stable/—
South Africa (Republic of)	February 25, 2000	A-/Stable/A-2	BBB-/Stable/A-3
	March 6, 1998	BBB+/Stable/A-2	BB+/Stable/B
	Nov. 20, 1995	BBB+/Positive/—	BB+/Positive/—
	Oct. 3, 1994		BB/Positive/—
Spain (Kingdom of)	March 31, 1999	AA+/Stable/A-1+	AA+/Stable/A-1+
	May. 6, 1998	AA/Positive/A-1+	AA/Positive/A-1+
	Feb. 6, 1996	AAA/Stable/A-1+	AA/Stable/A-1+
	Dec. 11, 1992	AAA/Stable/A-1+	AA/Positive/A-1+
	June 26, 1989		AA/Positive/A-1+
	Aug. 1, 1988		AA/—/A-1+
	May 25, 1987		Strong/A-1+
	Jan. 3, 1984		—/—/A-1+
Suriname (Republic of)	Jan. 31, 2001	B/CW-Neg./—	B-/CW-Neg./—
	Nov. 17, 1999	B/Stable/—	B-/Stable/—
Sweden (Kingdom of)	July 24, 2000	AAA/Stable/A-1+	AA+/Positive/A-1+
	April 18, 1997	AAA/Stable/A-1+	AA+/Stable/A-1+
	Jan. 12, 1995	AAA/Stable/A-1+	AA+/Negative/A-1+
	Aug. 10, 1993	AAA/Stable/A-1+	AA+/Stable/A-1+
	March 22, 1993		AA+/Stable/A-1+
	Oct. 31, 1990		AAA/Negative/A-1+
	June 26, 1989		AAA/Stable/A-1+
	April 1, 1986		AAA/—/ A-1+
	Oct. 27, 1977		AAA/—/—
Switzerland	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Oct. 1, 1988		AAA/—/A-1+
Taiwan (Republic of China)	July 26, 2001	AA/Negative/A-1+	AA/Negative/A-1+
	December 6, 2000	AA+/Negative/A-1+	AA+/Negative/A-1+
	June 24, 1998	AA+/Stable/A-1+	AA+/Stable/A-1+
	Aug. 2, 1991		AA+/Stable/A-1+
	June 26, 1989		AA/Positive/A-1+
	April 20, 1989		AA/—/A-1+
Thailand (Kingdom of)	May 5, 1999	A-/Stable/A-2	BBB-/Stable/A-3
	Jan. 8, 1998	A-/Negative/A-2	BBB-/Negative/A-3
	Oct. 24, 1997	A/Negative/A-1	BBB/Negative/A-3
	Sept. 3, 1997	AA-/Negative/A-1+	A-/Negative/A-1
	Aug. 1, 1997	AA/CW-Neg./—	A/CW-Neg./A-1
	May 2, 1996	AA/Stable/—	A/Stable/A-1
	Dec. 29, 1994		A/Stable/A-1
	Dec. 8, 1992		A-/Stable/A-1
	May 19, 1992		A-/CW-Neg./A-1
	Feb. 26, 1991		A-/Stable/A-1
	June 26, 1989		A-/Positive/A-1
	Feb. 24, 1989		Satisfactory
Trinidad and Tobago (Republic of)	Sept. 13, 1999	BBB+/Stable/A-2	BBB-/Stable/A-3
	July 2, 1998	BBB+/Positive/A-2	BB+/Positive/B
	March 14, 1996	BBB+/Positive/—	BB+/Positive/—
Tunisia (Republic of)	March 21, 2000	A/Stable/A-1	BBB/Stable/A-3
	April 10, 1997	A/Stable/A-1	BBB-/Stable/A-3
Turkey (Republic of)	July 11, 2001	B-/Negative/C	B-/Negative/C
	April 27, 2001	B-/Stable/C	B-/Stable/C
	April 16, 2001	B-/CW-Neg./C	B-/CW-Neg./C
	February 23, 2001	B/CW-Neg./C	B/CW-Neg./C
	February 21, 2001	B+/CW-Neg./B	B+/CW-Neg./B
	December 5, 2000	B+/Stable/B	B+/Stable/B
	April 25, 2000	B+/Positive/B	B+/Positive/B
	Dec. 10, 1999		B/Positive/B
	Jan. 21, 1999		B/Stable/B
	Aug. 10, 1998		B/Positive/B
	Dec. 13, 1996		B/Stable/B
	July 17, 1996		B+/CW-Neg./B
	Oct. 18, 1995		B+/Stable/—
	July 24, 1995		B+/Positive/—
	Aug. 16, 1994		B+/Stable/—
	April 29, 1994		B+/CW-Neg./—
	March 22, 1994		BB/CW-Neg./—
	Jan. 14, 1994		BBB-/Negative/—
	May 3, 1993		BBB/Negative/—
	May 4, 1992		BBB/Stable/—
	Dec. 18, 1989		Satisfactory
United Kingdom	Aug. 3, 1995	AAA/Stable/A-1+	AAA/Stable/A-1+
	Oct. 6, 1993	AAA/—/A-1+	AAA/Stable/A-1+
	June 26, 1989		AAA/Stable/A-1+
	Nov. 20, 1984		AAA/—/A-1+
	April 28, 1978		AAA/—/—
United States of America	July 27, 1992	AAA/Stable/A-1+	AAA/Stable/A-1+
	Sept. 25, 1991		AAA/Stable/A-1+
	Jan. 1, 1981		AAA/—/A-1+
	Jan. 1, 1941		AAA/—/A-1
Uruguay (Oriental Republic of)	June 18, 1997	BBB+/Stable/A-2	BBB-/Stable/A-3
	Nov. 22, 1995	BBB/Stable/A-2	BB+/Stable/—
	Feb. 14, 1994		BB+/Stable/—
Venezuela (Republic of)	Dec. 21, 1999		B/Stable/B
	Aug. 31, 1998		B+/Negative/B
	June 5, 1997		B+/Stable/B
	June 26, 1996		B/Positive/C
	Feb. 23, 1996		B/Negative/C
	Nov. 21, 1995		B+/CW-Neg./B
	July 27, 1994		B+/Negative/B
	June 16, 1994		BB-/CW-Neg./B
	March 4, 1994		BB-/Stable/B
	April 5, 1993		BB/Negative/B
	Nov. 4, 1992		BB/Stable/B
	July 24, 1991		BB/Positive/B
	Nov. 1, 1990		B+/Positive/B
	June 26, 1989		B+/Negative/B
	Jan. 17, 1989		B+/—/B
	March 28, 1983		BB/—
	Feb. 11, 1983		A-/—
	Aug. 13, 1982		AA/—
	Oct. 5, 1977		AAA/—

CW-Neg.—On CreditWatch with negative implications. SD—Selective Default. NM—Not meaningful. Notes: "Very Strong," "Strong," "Satisfactory," and "Only Adequate" are Sovereign Assessment ratings. Rating outlooks were introduced by Standard & Poor's in June 1989. In 1981, Standard & Poor's added a plus (+) sign to 'A-1' rated short-term issuers with extremely strong safety characteristics.  

*Only long-term local and foreign currency ratings remain at CW-Neg., short-term local and foreign currency ratings removed.