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

Business Editors

NEW YORK--(BUSINESS WIRE)--Feb. 21, 2003

Standard & Poor's--ASIA-PACIFIC UPDATE:

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

COMING UP

-- Merchant Energy Survival Hangs on FERC's Blueprint
 for Market Design

-- Prime Time for Analyzing TV Networks' Credit Quality

-- Industry Report Card: Italian Local Government Regions

UPCOMING TELECONFERENCES:

-- Largest Cities Outlook. Fri., Feb. 21, 2 PM

-- Ratings Transitions 2002: U.S. ABS Weather a Turbulent Year.

Tue., Feb. 25, 11 AM

-- NIMS Quarterly Highlights. Thu., Feb. 27, 11 AM

-- Servicer Evaluation Criteria. Tue., March 4, 10:30 AM

-- Ratings Transition 2002: A Quarter Century of Outstanding

Credit Performance of U.S. RMBS, Wed., March 5, 10 AM

-- Quarterly Trends in European Banking. Tue., March 18, 3 PM

-- Global Building Materials Credit Quality. Thu., March 20,

10 AM

-- North American Building Materials, Homebuilder, and Home

Center Retail Credit Quality. Thu., June 12, 10 AM

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

or standardandpoors.com

PUBLISHED:

RESEARCH REPORTS

CORPORATES

-- Latin America Industrial Ratings Round Up 2002: Refinancing

Risk Remains the Main Concern

-- Industry Report Card Released on Japanese Pharmaceutical

Companies

-- 2003 Spells Uncertainty For U.S. Printing Industry

-- Cautious Optimism For U.S. Gaming Industry In 2003

-- Delinked Ratings Methodology Criteria for Irish Covered Bonds

Published

-- Industry Report Card: Japanese Pharmaceutical Companies

INFRASTRUCTURE FINANCE

-- S&P Assesses Credit Quality of Pacific Gas & Electric Co.'s

Reorganization Plan

-- Competition Simmers as Government Stirs Deregulation in

Japan's Electricity and Gas Industries

PUBLIC FINANCE

-- S&P Comments On Enterprise Products Partners' Credit Quality

-- S&P Assesses New York State's Renewable Energy Guarantee

-- Public Finance Report Card: The Largest U.S. Cities

FINANCIAL SERVICES

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