PARIS (Standard&Poor's) Oct.29, 2002--Standard&Poor's Ratings Services said today that it had placed on CreditWatch with negative implications its single-'A'-minus counterparty credit rating on Switzerland-based Banque Cantonale Vaudoise (BCV), following an announcement of additional provisioning charges. The 'A-2' short-term ratings on BCV were affirmed. "Standard&Poor's expects to resolve the CreditWatch placement shortly," said Standard&Poor's credit analyst Arnaud de Toytot, "following a review of BCV's asset-quality problems and earnings expectations, and upon clarification on BCV's plan to raise capital and on the level of commitment of the Canton of Vaud." Mr. de Toytot explained that the CreditWatch placement on BCV followed the announcement of SFr850 million in additional provisioning charges in 2002, in line
