S&P Hosts Teleconference on Global Warming Financial Impact Today

May 15, 2007

Standard & Poor’s Ratings Services will host a teleconference today, May 15, 2007, outlining the findings from a 15 article series from the May 23rd issue of CreditWeek, its weekly outlook on credit risk.

The call and articles will discuss the financial viability of a variety of energy and emissions strategies, as well as in-depth examinations of a number of alternative energy sources. S&P noted that analysts from all sectors of its research team, “including from the Utilities, Financial Institutions, Automotive, Public Finance and Economics teams, contributed to the special issue of CreditWeek.”

Steve Dreyer, Managing Director, Standard & Poor’s Utility, Power & Project Finance Ratings noted: “The last twelve months has marked the period when climate change moved from the political pages to the business section. Companies that previously wondered if they might be compelled to curb emissions now wonder how much and how quickly will they have to do it.”

In addition he indicated that S&P “feels that now is the time to examine the financial and credit impact of the different strategies, technologies, fuels and legislative agendas being discussed in the market.”

Today’s conference call will commence at 11:00 a.m. Eastern Daylight Time to discuss the Special CreditWeek Report, “The Credit Impact of Climate Change.” Speakers include Swami Venkataraman and Peter Kernan from S&P’s utility team, Maria Bissinger and Gregg Lemos-Stein, from the automotive team, Damien Magarelli, from the insurance group, and S&P’s chief economist David Wyss, PhD. At the conclusion of their remarks, they will be available to answer questions.

Live Dial-in Numbers:
US/All Others: 1-210-795-0624
UK: 44-20-7108-6390
Conference ID#: 7190800
Passcode: SANDP
Please call at least 15 minutes before the scheduled start of the call to complete the pre-call registration process.

Replays: Replays: Recorded replays of the call are made available about an hour after the call concludes and are available until Tuesday, May 22, 2007. The replay number: 1-203-369-1522.

The call will also be available live in “listen-only” mode at: www.events.standardandpoors.com for listeners with the Real Playerâ„¢ software, sound card, and speakers. The Streaming Audio playback is available until Tuesday, June 12, 2007.

If you have any questions about the conference call, please e-mail: eventsmarketing@standardandpoors.com.

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