NEW YORK (Standard&Poor's) May 6, 2004--Standard&Poor's Ratings Services placed its 'AA-/A-1+' rating on three Citizens Bank of Rhode Island letter of credit-backed issues on CreditWatch with negative implications (see list below). This action follows Standard&Poor's May 5, 2004, placement of Citizens Bank of Rhode Island on CreditWatch with negative implications. Issue Description Connecticut Hlth and Educl Facs Auth rev bnds (Univ of Hartford) ser F Rhode Island Hlth and Ed Bldg Corp hosp fing rev bnds ser 2003B and 2003C Connecticut Hlth and Ed Fac Auth var rate dem bnds ser A (Forman Sch) Complete ratings information is available to subscribers of RatingsDirect, Standard&Poor's Web-based credit analysis system, at www.ratingsdirect.com. All ratings
