EEMEA Gains A Foothold In The Global Securitization Market ...

APPENDIX III: RELATED RESEARCH• "Sovereign Interference Risk In Export Future Flow Financing And CorporateSecuritizations" (expected to be published on Dec. 6, 2005).• "Presale: Kazkommerts DPR Co." (published on Nov. 21, 2005).• "Rating Associated With Risk Of Foreign Exchanges Controls Raised In 27Countries" (published on Nov. 3, 2005).• "Emerging Market Credit Quality Reaches New Heights" (published on Oct. 21,2005).• "Assessing The Political Risk When Sovereigns Meet Structured Finance"(published on Oct. 4, 2005).• "Diversified Payment Right Securitization Market To Tap Vast Potential"(published on Sept. 15, 2005).• "Surveillance: Garanti Diversified Payment Rights Finance Co. (TurkiyeGaranti Bankasi)" (published on March 31, 2005).• "Structured Finance Issuance Spikes In EEMEA, Surpassing Latin America"(published on Feb. 22, 2005).• "Overcoming Obstacles to Building MBS in Global Emerging Markets"(published on Sept. 14, 2004).• "Future Flow Structured Finance Transactions in the Russian Federation: ARisky Business?" (published on Dec. 1, 2004).• "The Three Building Blocks of an Emerging Markets Future Flow TransactionRating" (published on Nov. 16 2004).• "New Issue: Gazprom International S.A." (published on Nov. 12, 2004).• "Russian Retail Banking--Following the Footsteps of Central Europe?"(published on May 27, 2004).• "Using Transfer and Convertibility Insurance to Enhance Issue Ratings"(published in Nov. 2000).• "Learning the Basics, Issuers Prepare for Securitization" (published on Nov. 28,2000).• "Political Risk Insurance May Enhance Emerging Market StructuredTransactions" (published on Nov. 2, 1999).All criteria and related articles are available on RatingsDirect, our Web-based creditanalysis system, at www.ratingsdirect.com. The criteria can also be found on our Web siteat www.standardandpoors.com.Published by Standard & Poor's, a Division of The McGraw-Hill Companies, Inc. Executive offices: 1221 Avenue of the Americas, New York, NY 10020. Editorial offices: 55Water Street, New York, NY 10041. Subscriber services: (1) 212-438-7280. Copyright 2005 by The McGraw-Hill Companies, Inc. Reproduction in whole or in part prohibitedexcept by permission. All rights reserved. Information has been obtained by Standard & Poor's from sources believed to be reliable. However, because of the possibility ofhuman or mechanical error by our sources, Standard & Poor's or others, Standard & Poor's does not guarantee the accuracy, adequacy, or completeness of any informationand is not responsible for any errors or omissions or the result obtained from the use of such information. Ratings are statements of opinion, not statements of fact orrecommendations to buy, hold, or sell any securities.Standard & Poor’s Page 20 of 20