NEW YORK (Standard&Poor's CreditWire) Oct. 23, 2000--Standard&Poor's today raised its rating on the Series B Republic of Argentina serial zero coupon notes due April, 2001, with rolling International Bank for Reconstruction and Development (IBRD or World Bank) guarantee, to triple-'A' from triple-'B'. The rating action follows the repayment of triple-'A' rated Series A notes and the extension of the World Bank guarantee to Series B. Standard&Poor's also affirmed its triple-'B' ratings on the Series C notes due October 2001, the Series D due October 2002, the Series E due October 2003, and the Series F due October 2004. The face value of each series is US$250 million. The triple-'A' rating on the Series B
