101.   Yet Wall Street rating agencies give it the second-lowest bond rating of any state, ahead of only Louisiana.

102.   Yesterday, London-based IBCA Ltd., another rating agency, cut its debt ratings of four Japanese major banks including Sumitomo Bank Ltd.

103.   Other rating agencies use this approach as well, but not all of them.

104.   P.K. Choudhury, managing director of Delhi-based rating agency ICRA says that the agency has already downgraded ratings for a few companies based on these concerns.

105.   A downgrade by an international rating agency, however, does not necessary mean a downgrade by a local rating agency.

106.   A reminder came this week when Fitch became the second large rating agency to downgrade its credit to junk status.

107.   A series of downgradings by international rating agencies and lack of fresh incentives saw the local bourse continue its slide for most of the week.

108.   An international rating agency Thursday revised its rating outlook for three Indonesian banks from stable to negative following the recent plunge in the rupiah.

109.   And finally, licensing requirements and approved rating practices undermine credibility by tying rating agencies to political or regulatory control.

110.   And The Fitch IBCA rating agency said it had placed one Russian bank, SBS Agro, on what it called rating alert negative.