TORONTO (Standard & Poor's) Nov. 9, 2001--Standard & Poor's today announced its harmonized single-'A' long-term issuer credit rating on the Province of Prince Edward Island (PEI). The outlook is stable. On Oct. 31, 2000, Standard & Poor's and the Canadian Bond Rating Service (CBRS) announced that they have combined operations in Canada. A process is under way to harmonize all ratings assigned by CBRS with the Standard & Poor's framework, which includes the translation of all ratings onto the Standard & Poor's global ratings scale. Going forward, all new debt issue ratings on PEI will be based on the harmonized issuer credit rating. Ratings harmonization announcements do not constitute upgrades or downgrades of ratings assigned by CBRS, nor do they
