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									Financial Security Assurance Inc.
Rating Action: Corporate & Gov't Ratings Placed on CreditWatch Negative

Issuer

Alinta Network Holdings Pty Ltd.


Alinta Network Holdings Pty Ltd.


ALIS Finance a.r.l.


ALIS Finance a.r.l.


ALIS Finance a.r.l.


Artesian Finance II PLC


Artesian Finance III PLC


Artesian Finance PLC


Artesian Finance PLC


Artesian Finance PLC


Atlantic City Electric Co.


Autolink Concessionaires (M6) PLC


Autovia de la Mancha, S.A.


Baglan Moor Healthcare PLC


Bakethin Finance PLC


Belfast Gas Transmission Financing PLC


Brisbane Airport Corp. Pty Ltd.


Capital Hospitals (Issuer) PLC


Capital Hospitals (Issuer) PLC


Catalyst Brescia S.r.l.


Catalyst Healthcare (Romford) Financing PLC
Catalyst Healthcare (Romford) Financing PLC


Catalyst Higher Education (Sheffield) PLC


Central Nottinghamshire Hospitals PLC


City of Marseille


City of Tours


Cleveland Electric Illuminating Co.


Columbus & Southern Ohio Electric Co.


Criterion Healthcare PLC


Detroit Edison Co.


Detroit Edison Co.


Duke Energy Ohio Inc.


Duquesne Light Co.


ElectraNet Pty Ltd.


ElectraNet Pty Ltd.


ElectraNet Pty Ltd.


ElectraNet Pty Ltd.


Ellenbrook Developments PLC


Endeavour SCH PLC


Energy Partnership (Gas) Pty Ltd.


Entergy Louisiana LLC


Entergy Mississippi Inc.


Envestra Ltd.


Envestra Ltd.


Envestra Ltd.


Envestra Victoria Pty Ltd.


Envestra Victoria Pty Ltd.
ETSA Utilities Finance Pty Ltd.


Exchequer Partnership (No. 2) PLC


Florida Power & Light Co.


Giants Stadium LLC


Giants Stadium LLC


Giants Stadium LLC


Highway Management (City) Finance PLC


Highway Management (City) Finance PLC


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Hydro-Quebec


Integrated Accommodation Services PLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC


Jets Stadium Development, LLC
Jets Stadium Development, LLC


Keele Residential Funding PLC

M6 Duna Autopalya Koncessios Zartkoruen Mukodo
Eszvenytarsasag
M6 Duna Autopalya Koncessios Zartkoruen Mukodo
Eszvenytarsasag

Mashantucket Western Pequot Tribe


Metronet Rail BCV Finance PLC


Metronet Rail SSL Finance PLC


Metropolitano de Lisboa, E.P.


Metropolitano de Lisboa, E.P.


Metropolitano de Lisboa, E.P.


Montreal (City of)


Moyle Interconnector (Financing) PLC


MPC Funding Ltd.


MPC Funding Ltd.


MPC Funding Ltd.


MPC Funding Ltd.


NewHospitals (St. Helens and Knowsley) Finance PLC


NewHospitals (St. Helens and Knowsley) Finance PLC


Northern Counties Housing Association Ltd.


Northern Counties Housing Association Ltd.


Nova Scotia (Province of)


Nova Scotia (Province of)


Nova Scotia (Province of)


Nova Scotia (Province of)


Nova Scotia (Province of)


Nova Scotia (Province of)
Nova Scotia (Province of)


Nova Scotia (Province of)


Octagon Healthcare Funding PLC


PECO Energy Co.


Places for People Homes Ltd.


Plenary Conventions Pty Ltd.


Plenary Conventions Pty Ltd.


Pope Cnty


Province of Newfoundland and Labrador


Province of Saskatchewan


Province of Saskatchewan


Province of Saskatchewan


Province of Saskatchewan


Public Service Electric & Gas Co.


Public Service Electric & Gas Co.


Public Service Electric & Gas Co.


Public Service Electric & Gas Co.


Quebec (Province of)


Quebec (Province of)


Quebec (Province of)


Quebec (Province of)


Region of Provence-Alpes-Cote d'Azur


Sanef


Scotland Gas Networks PLC


Scotland Gas Networks PLC


Southern California Edison Co.
Southern California Edison Co.


Southern California Edison Co.


Southern Gas Networks PLC


Southern Gas Networks PLC


Southern Gas Networks PLC


Southern Water Services (Finance) Ltd.


Southern Water Services (Finance) Ltd.


St Charles Parish


St Charles Parish


St Charles Parish


Sutton and East Surrey Water PLC


Sydney Airport Finance Co. Pty Ltd.


Tyseley Finance PLC


Utah Power & Light Co.


Verdun Participation 2 S.A.


Verdun Participation 2 S.A.


Walsall Hospital Co. PLC (The)


Wellington International Airport Ltd.


Westralia Airports Corp. Pty Ltd.


Westralia Airports Corp. Pty Ltd.


Yorkshire Water Services Finance PLC
Ratings Placed on CreditWatch Negative

         Name/Desc                                                               CUSIP

         AUD200 mil 5.75% credit wrapped med-term nts due 09/22/2010             --


         AUD250 mil fltg rate credit wrapped med-term nts due 09/21/2012         --


         EUR200 mil 4.3% bnds due 07/25/2032                                     --


         EUR180 mil 4.25% bnds due 07/25/2027                                    --


         EUR80.5 mil 3.99% bnds due 07/25/2017                                   --


         £345.95 mil 6% bnds ser 1-5 due 09/30/2033                              --


         £111.4 mil 3.75% index-linked gtd bnds ser 1 due 09/30/2045             --


         £473.028 mil 3.625% index-linked bnds ser 1-7 due 09/30/2032            --


         £473.028 mil 3.625% index-linked bnds ser 1-7 due 09/30/2032            --


         £473.028 mil 3.625% index-linked bnds ser 1-7 due 09/30/2032            --


         US$3 mil 6.625% dtd 08/01/1993 1st mtg bnd due 08/01/2013               048303BG5


         £124.8 mil 8.39% bnds ser A1 due 06/15/2022                             --


         EUR110 mil bank ln due 07/15/2031                                       --


         £65.95 mil 3.92% index linked bnds due 04/30/2029                       --


         £248 mil 5.87526% bnds due 01/23/2034                                   --

         £119 mil 2.207% gtd sr secd index-linked (incl £10 mil var bnds) bnds
                                                                                 --
         due 03/31/2048

         AUD300 mil fltg rate med-term nts due 12/17/2017                        --


         £125 mil EIB index-linked sr secd gtd bank ln due 03/2041               --

         £510.2 mil 1.703% (incl £275 mil variation bnds) sr secd gtd bnds due
                                                                                 --
         09/30/2046

         EUR33.80 mil bank ln                                                    --


         £128.4 mil 2.984% bnds due 09/30/2038                                   --
£100 mil EIB bank ln due 09/30/2034                                      --

£156.8 mil 1.8415% index-linked (incl £15 mil variation bnds) bnds due
                                                                         --
2045
£351.9 mil 1.8768% index-linked gtd secd issue (inc £32 mil of index-
                                                                         --
linked variation bnds) bnds due 09/30/2042

EUR40 mil 5.75% Gtd nts due 07/19/2010                                   --


EUR19.818 mil bank ln due 07/02/2009                                     --


US$2 mil 9% 1st mtg bnds dtd 03/04/87 due 03/01/2017                     186108BD7


US$1 mil 9% 1st mtg bnds ser DTD 03/01/87 due 03/01/2017                 198846BK2


£64.64 mil 3.37% bnds due 04/30/2031                                     --

US$3 mil 9.875% gen & rfdg mtg bnds dtd 06/27/89 ser 1989A due
                                                                         250847BP4
07/01/2019
US$4 mil 8.25% dtd 1/14/93 secd med-term nts ser 1993 C due
                                                                         --
01/13/2023

US$9 mil 9.25% dtd 04/01/86 1st mtg bnd due 04/01/2016                   172070BL7


US$4.5 mil 9% 1st mtg bnds dtd 02/01/87 due 02/01/2017                   266228BS3


AUD100 mil capital indexed bonds due 08/20/2010                          --


AUD50 mil fltg rate med-term nts ser 3 due 11/17/2009                    --


AUD150 mil 6.5% med-term nts ser 4 due 11/17/2009                        --


AUD200 mil capital indexed bnds due 08/20/2015                           --


£59.97 mil 3.389% bnds due 07/31/2032                                    --


£137.5 mil 3.607% index-linked bnds due 2031                             --


AUD300 mil fltg rate credit-wrapped nts due 07/10/2017                   --


US$1.875 mil 8.5% dtd 7/1/92 1st mtg bnd due 07/01/2022                  546387BZ3

US$1 mil 8.65% GENERAL AND REFUNDING MORTGAGE BONDS
                                                                         605400BA7
DTD 2/1/93 1st mtg bnd due 01/15/2023

AUD600 mil fltg rate credit wrapped med-term nts due 2026                --


AUD600 mil fltg rate credit wrapped med-term nts due 2026                --


AUD220 mil 3.04% capital indexed bnds due 08/20/2025                     --


AUD110 mil 4.255% cap indexed bnds due 05/20/2011                        --


AUD150 mil fltg rate nts due 05/20/2011                                  --
AUD300 mil fltg rate med-term nts due 07/15/2015                --


£166 mil 5.396% bnds due 07/13/2036                             --


US$4 mil 9% 1st mtg bnds dtd 10/01/86 due 10/01/2016            341081CR6


US$70.850 mil Proj Rev Bnds ser 2007A-2 due 04/01/2037          374593AJ0


US$70.825 mil Proj Rev Bnds ser 2007A-3 due 04/01/2037          374593AK7


US$53 mil Proj Rev Bnds ser 2007A-7 due 12/01/2047              374593AP6


£61.7 mil 1.61% index-linked bnds due 02/27/2036                --


£61.4 mil sr secd index-linked EIB bank ln due 02/2034          --


US$2 mil 8% dtd 2/3/93 deb ser IF due 02/01/2013                448814EP4


US$22 mil 8.25% dtd 4/15/86 deb ser GH due 04/15/2026           448814EL3


US$10.5 mil 8.625% dtd 6/15/89 deb ser HE due 06/15/2029        448814EX7


US$107.75 mil 8.5% dtd 12/1/89 deb ser HH due 12/01/2029        448814ET6


US$4 mil 8.4% dtd 1/30/92 deb ser HY due 01/15/2022             448814ES8


US$203.485 mil 9.5% dtd 11/15/1990 deb ser HQ due 11/15/2030    448814HE6


US$151.24 mil 9.375% deb due 04/15/2030                         448814HF3


US$157.390 mil 8.05% dtd 7/7/1994 deb ser IO due 07/07/2024     448814HS5


US$97.5 mil 9.4% deb ser HS due 02/01/2021                      448814EW9


US$4.555 mil 8.05% deb ser IO due 07/07/2024                    --


£376.28 mil 6.48% secd bnds due 03/31/2029                      --


US$200 mil fltg rate proj rev bnds ser 2007A-1 due 04/01/2047   --


US$200 mil fltg rate proj rev bnds ser 2007A-1 due 04/01/2047   477181AA9

US$85 mil proj rev bnds (Auction Rate Secs) ser 2007A-4A due
                                                                --
04/01/2047
US$85 mil proj rev bnds (Auction Rate Secs) ser 2007A-4A due
                                                                477181AE1
04/01/2047
US$85 mil proj rev (Auction Rate Secs) bnds ser 2007A-4C due
                                                                --
04/01/2047
US$85 mil proj rev (Auction Rate Secs) bnds ser 2007A-4C due
                                                                477181AG6
04/01/2047
US$85 mil proj rev (Auction Rate Secs) bnds ser 2007A-4B due
                                                                --
04/01/2047
US$85 mil proj rev (Auction Rate Secs) bnds ser 2007A-4B due
                                                                            477181AF8
04/01/2047

£138.4 mil 2.108% index-linked secd bnds due 07/31/2047                     --


EUR212 mil fltg rate gtd secd nts due 03/31/2025                            --


EUR200 mil sr secd EIB bank ln due 2024                                     --


US$180 mil 6.57% spl rev bnds ser 1998A due 09/01/2013                      574754AB3


£165 mil 2.876% index-linked callable gtd bnds due 03/15/2032               --


£350 mil 5.309% callable gtd bnds due 03/15/2032                            --


US$100 mil 7.42% bnds due 10/15/2016                                        --


US$100 mil 7.42% bnds due 10/15/2016                                        592664AA4


US$100 mil 7.42% bnds due 10/15/2016                                        592664AB2


fltg rate bnds due 05/17/2011                                               --


£135.01 mil 2.94% index-linked bnds due 03/31/2033                          --


AUD141.1 mil var rate CPI indexed annuity bnds due 12/31/2033               --


AUD50.5 mil var rate CPI indexed annuity bnds due 12/31/2025                --


AUD152.4 mil var rate nominal IAB due 12/31/2033                            --


AUD135 mil var rate nominal bnds due 12/31/2033                             --


£149.2 mil index-linked sr secd EIB bank ln due 06/01/2038                  --

£178.3 mil var rate index-linked (including £25.3 million of index-linked
                                                                            --
variation bonds) bnds due 02/26/2047

£110 mil 9.125% gtd secd stock due 01/31/2025                               --


£110 mil 9.125% gtd secd stock due 01/31/2025                               --


US$7 mil 7.25% dtd 7/27/93 (cusip# 669827dt1) deb due 07/27/2013            669827DT1


US$38.455 mil 8.25% sinking fd deb due 11/15/2019                           669827EP8


US$49.65 mil 8.25% sinking fd deb due 07/30/2022                            669827ET0


US$57.45 mil 9.5% sinking fd deb due 02/01/2019                             669827ED5


US$41.655 mil 9.125% deb due 05/01/2021                                     669827EE3


US$30 mil 8.75% deb due 04/01/2022                                          669827EU7
£5.45 mil 11.75% Loan note due 04/18/2019                                669827C#2


£5.6 mil 16.75% Loan note due 10/31/2011                                 669827D@3


£341.23 mil 5.333% (incl £35mil in variation bnds) bnds due 12/31/2035   --


US$7.5 mil 9.375% 1st mtg rfdg mtg bnds dtd 04/01/87 due 04/01/2017      717537CM4


£105 mil 8.625% gtd secd stk due 09/26/2020                              --


AUD430 mil term loan due 12/2033                                         --


AUD50 mil term loan due 12/2025                                          --

US$3.475 mil 6.3% poll ctl dtd 06/15/94 1st mtg bnd ser 1994 due
                                                                         732835AX1
12/01/2016
US$10.515 mil 7.32% dtd 10/13/93 (cusip # 651333dz6) deb due
                                                                         651333DZ6
10/13/2023

US$1 mil 7.325% dtd 7/15/93 (cusip # 803854fr4) deb due 07/15/2013       803854FR4


US$58.702 mil 9.375% deb due 12/15/2020                                  803854HM3


US$14 mil 9.125% deb due 02/15/2021                                      --


US$12 mil 8% deb due 02/01/2013                                          803854FQ6


US$0.34 mil 5% dtd 07/01/87 1st mtg bnd due 01/2037                      744567DG0


US$0.41 mil 8% dtd 06/01/87 1st mtg bnd due 06/01/2037                   744567DF2


US$2 mil 8.5% dtd 6/1/92 1st & rfdg mtg bnds ser LL due 06/01/2022       744567ED6

US$15.9 mil 8.75% dtd 11/1/91 1st & rfdg mtg bnds ser EE due
                                                                         744567EC8
11/01/2021
US$90.26 mil 8.625% dtd 12/1/1986 (CUSIP 748148QD8) deb due
                                                                         748148QD8
12/01/2026

US$35 mil 5.75% global deb ser PA due 02/15/2009                         748148RC9


US$50 mil 7.5% global deb ser PD due 09/15/2029                          748148AQ6


US$ 160 mil 7.22% med-term nts due 07/22/2036                            748148QH9


EUR50 mil 4.1% inflation indexed gtd bnds due 09/29/2010                 --


EUR750 mil sr unsecd fxd/fltg rate bank ln due 2024                      --


£257 mil 4.75% nts ser A1 due 02/21/2017                                 --


£165 mil 2.127% index-linked nts ser A2 due 10/21/2022                   --

US$10.5 mil 8.875% dtd 9/1/91 1st & rfdg mtg bnds ser 91C due
                                                                         842400DQ3
06/01/2024
US$47.33 mil 8.875% dtd 5/1/91 1st & rfdg mtg bnds ser 91B due
                                                                           842400DR1
05/01/2023

US$2 mil 8.625% dtd 4/15/86 1st mtg bnd ser 86C due 04/15/2019             842400DS9


£375 mil 4.875% nts ser A7 due 03/29/2029                                  --


£50 mil fltg rate nts ser A3 due 10/21/2015                                --


£50 mil fltg rate nts ser A4 due 10/21/2015                                --


£165 mil (class A) gtd bank ln due 09/30/2033                              --


£300 mil 5.125% med-term nts due 09/30/2056                                --


US$3 mil 7.5% poll ctl rev bnds dtd 07/01/91 ser 1991 due 06/01/2021       788070BR0

US$2.2 mil 6.2% envir rev bnd dtd 05/01/93 1st mtg bnd ser 1993A due
                                                                           788050AF9
05/01/2023
US$2 mil 7.05% solid wste disp rev (louisiana po wer and light)dtd 4/1/92
                                                                          788116AD3
ser 1992 due 04/01/2022

£100 mil index-linked bnds due 05/31/2031                                  --


AUD659 mil fltg rate credit wrapped floating rate nts ser 4 due 10/11/2027 --


£88 mil 6.675% bnds due 07/30/2018                                         --


US$2.6 mil 8.75% dtd 12/10/86 1st mtg bnd due 12/01/2016                   917508BM4


EUR71.63 mil index-linked fac B2 sr secd bank ln due 06/15/2037            --


EUR214.88 mil index-linked fac A2 sr secd bank ln due 06/15/2051           --


£160.35 mil 2.07% gtd index-linked sr secd bnds due 03/21/2041             --


NZD150 mil fltg rate credit-wrapped med-term nts due 08/01/2017            --


AUD100 mil fixed & floating rate med-term nts due 11/11/2013               --


AUD240 mil fixed & floating rate med-term nts due 11/11/2016               --


£200 mil 5.125% nts due 05/28/2037                                         --
                                                              FROM                                  TO
Insurer                                          Rating      Outlook   Creditwatch         Rating

Financial Security Assurance Inc.          AAA            NEGATIVE         --        AAA


Financial Security Assurance Inc.          AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance Inc.          AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance Inc.          AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA


Financial Security Assurance (U.K.) Ltd.   AAA            NEGATIVE         --        AAA
Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.        AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc. (Australia)   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc. (Australia)   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.               AAA   NEGATIVE   --   AAA
Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA
Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA
Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA
Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance Inc.          AAA   NEGATIVE   --   AAA


Financial Security Assurance (U.K.) Ltd.   AAA   NEGATIVE   --   AAA
      TO
    Outlook        Creditwatch

NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE


NOT MEANINGFUL   NEGATIVE
"Our analysis of the impact of the ratings actions announced today is ongoing. As we complete our analysis
during the next few weeks, we may publish additional ratings changes. "

Disclaimer
Analytic services provided by Standard & Poor's Ratings Services ("Ratings Services") are the result of separate
activities designed to preserve the independence and objectivity of ratings opinions. The credit ratings and
observations contained herein are solely statements of opinion and not statements of fact or recommendations to
purchase, hold, or sell any securities or make any other investment decisions. Accordingly, any user of the
information contained herein should not rely on any credit rating or other opinion contained herein in making
any investment decision. Ratings are based on information received by Ratings Services. Other divisions of
Standard & Poor's may have information that is not available to Ratings Services. Standard & Poor's has
established policies and procedures to maintain the confidentiality of non-public information received during the
ratings process and to manage conflicts of interest.
Ratings may not be compiled into a database or systematically distributed or shared for commercial purposes in
a manner that substitutes for a paid Standard & Poor’s service.

								
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