(Editor's Note: In the press release published on November 14, 2000, the contact telephone number for Diana Mondino was incorrect. The correct telephone number appears above.) NEW YORK (Standard&Poor's CreditWire) Nov. 14, 2000-Standard&Poor's today lowered its local currency sovereign credit ratings on the Republic of Argentina to double-'B'/single-'B' from triple-'B'-minus/'A-3' and its long-term foreign currency sovereign credit rating to double-'B' minus from double-'B'. The single-'B' short-term foreign currency sovereign credit rating on the sovereign remains unchanged. The ratings were removed from CreditWatch, where they were placed on Nov. 1, 2000. The outlook is stable. The downgrade reflects Standard&Poor's revised projection that general government debt to GDP will not crest at 50%. Rather, revised government
