11.   The weaker ratings reflect concern over the shakiness of the financial system, traders said.

12.   However, it said, the current ratings still reflect strong incentives for both the official creditors and the new Indonesian Government to avert greater near-term financial stress.

13.   In a statement, RAM said the highest rating reflects the exceptional asset quality of Cagamas arising from housing mortgage loans purchased with full recourse to the originators.

14.   It added that the rating reflects the credit strength of the unconditional and irrevocable guarantee by Arab-Malaysian Merchant Bank Bhd and Arab-Malaysian Finance Bhd.

15.   The highest rating mainly reflects the exceptional asset quality of Cagamas arising from housing mortgage loans purchased will full recourse to the originators.

16.   The low rating partly reflects dry soil conditions in Oklahoma and western Kansas.

17.   The new rating reflects the higher market risk Bolton faces as a result of the slowdown in the property market.

18.   The rating assigned reflects the exceptional asset quality of Cagamas arising from housing mortgage loans purchased with full recourse to the originators.

19.   The rating reflected disillusionment with a man elected on promises to heal growing social inequalities, the result of double-digit unemployment.

20.   The rating reflects the strength of the underlying security in the form of quoted shares pledged for the benefit of the noteholders.