NEW YORK (Standard&Poor's) Nov. 4, 2005--Standard&Poor's Ratings Services said today that its ratings on structured finance transactions from Latin America and Eastern Europe, Middle East, and Africa (EEMEA) are unaffected by its recent global review of transfer and convertibility risk in 27 countries, and by 25 related nonsovereign issuer upgrades. The issuer upgrades followed Standard&Poor's review of the transfer and convertibility risk in these markets and reflect evidence showing that sovereigns suffering from political and economic stress are less likely to restrict nonsovereign entities' access to foreign exchange needed for debt service than in the past. The ratings associated with the likelihood of such restrictions being imposed, also called "Transfer and Convertibility Risk Assessments,"
