NEW YORK (Standard&Poor's CreditWire) Oct. 27, 1999--Standard&Poor's today lowered its ratings on seven Bayerische Hypo- und Vereinsbank AG-supported commercial paper programs to 'A-1' from 'A-1'-plus. The programs affected by this rating action are listed below, Standard&Poor's said.--CreditWire RATINGS LOWERED ON BAYERISCHE HYPO-UND VEREINSBANK AG-SUPPORTED PROGRAMS To From Banco de Galicia y Buenos Aires S.A. $250.00 million CP program A-1 A-1+ Banco Mercantil del Norte, S.A. $150.00 million CP program A-1 A-1+ Demir Funding Corp. I $55.00 million CP program A-1 A-1+ Garanti Funding Corp. II $100.00 million CP program A-1 A-1+ Garanti Funding Corp. I $100.00 million CP program A-1 A-1+ Cemex S.A. de C.V. $250.00 million CP program A-1 A-1+ Banco Itau S.A.,
