NEW YORK (Standard&Poor's) Oct. 17, 2002--Standard&Poor's Ratings Services has lowered its rating on 12 Canadian Imperial Bank of Commerce letter of credit-supported municipal bond issues (see list below). This action follows the Sept. 27, 2002, downgrade of Canadian Imperial Bank of Commerce's rating to single-'A'-plus/A-1' from double-'A'-minus/A-1'-plus. Canadian Imperial Bank of Commerce LOC-Supported Municipal Issues Lowered Issuer/Issue Amt ($Mil) Rtg To From Westchester Cnty Indl Dev Agy, N.Y. arpt fac bonds series 1994B $3.9 A+ AA- Westchester Cnty Indl Dev Agy, N.Y. arpt fac bonds series 1994A $14.1 A+ AA- Oakland-Alameda Counties Coliseum Auth, Calif. lse fixed rate rfdg bonds series 1995A $4.8 A+ AA- Indiana Bond Bank, Calif. spl prog bonds series 1997B $22.9 A+
