NEW YORK (Standard&Poor's) Oct. 9, 2002--Standard&Poor's Ratings Services said today that it placed its triple-'C'-plus rating on the Republic of Argentina's US$250 million zero coupon Series E notes due Oct. 15, 2003, on CreditWatch with developing implications and its triple-'C'-plus rating on the republic's US$250 million zero coupon Series F notes due Oct. 15, 2004, on CreditWatch with negative implications. These actions follow the announcement by the Argentine government of its intention not to make payment on its US$250 million zero coupon Series D notes (currently rated triple-'A' and maturing on Oct. 15, 2002), and confirmation by the International Bank for Reconstruction&Development (World Bank, triple-'A'/Stable/'A-1'-plus) that it would pay, on the due date, the
