NEW YORK (Standard&Poor's CreditWire) Feb. 23, 1999–-As announced last week, Standard&Poor's Ratings has implemented a single credit rating scale for both debt and preferred stock. As a result, Standard&Poor's is re-rating all the preferred stock issues and similar debt/equity hybrid issues that carry ratings from Standard&Poor's to conform to the new scale. Standard&Poor's today is issuing a series of press releases that provide the new ratings for specific preferred stock issues. The press releases will list each entity, its preferred stock issue(s), and the new rating(s) in alphabetical order under the following categories: banks, insurance companies, real estate investment trusts (REITs), utilities, and all other corporate entities. The following list
