On June 26, 2008, Standard&Poor's Ratings Services placed its 'AA-/A-1+' long- and short-term counterparty credit ratings on the core operational entities and a number of subsidiaries of the Fortis group on CreditWatch with negative implications. Standard&Poor's also placed the 'A+' long-term counterparty credit rating on Fortis SA/NV and Fortis N.V., the group's two holding companies, on CreditWatch with negative implications. The 'A-1' short-term counterparty credit rating on the holding companies was affirmed. The CreditWatch placement follows the Belgian-Dutch financial group's announcement today of revisions to its planned capital measures. This reflects recent developments regarding the acquisitions of Dutch ABN AMRO Bank N.V. activities, the planned purchase of the remaining stake in the Dutch insurance joint venture
