(Editor's Note: Only the long-term rating of Commerzbank AG was placed on CreditWatch Negative on Nov. 9, 2001; the short-term rating was not affected. A correction to the orginal news release follows.) NEW YORK (Standard&Poor's) Nov. 26, 2001—Standard&Poor's today placed the ratings of 16 Commerzbank AG LOC-backed municipal issues on CreditWatch with negative implications (see list below). This action follows the Nov. 9, 2001 placement of Commerzbank AG's rating of single-'A'-plus on CreditWatch negative. COMMERZBANK AG LOC-BACKED MUNICIPAL ISSUES Issuer/Issue Amount($mil) Rating Connecticut Second lien spl tax blig v/r dem bnds ser1 228.000 A+/A-1 Irvine Ranch Water District, CA Cons bnds ser 1995A 23.000 A+/A-1 Los Angeles Unified School District, CA Certs of part (Belmont Learning
