Standard&Poor's is converting its issuer and issue ratings on Australia, Cambodia, India, Japan, Singapore, and Taiwan to "unsolicited." On May 24, 2011, we will withdraw all our issue ratings on the debt of Japan, Singapore, and Taiwan. This decision does not change Standard&Poor's view of the creditworthiness of these governments; the ratings themselves remain unchanged. This conversion follows previously announced conversions of Standard&Poor's issuer and issue credit ratings on certain sovereign issuers in Europe and on the United States. New European Union regulations require non-EU ratings, where relevant, to be labeled as unsolicited, in order for them to be considered endorsable into the EU for regulatory purposes. SINGAPORE (Standard&Poor's) Feb. 25, 2011--Standard
