FRANKFURT (Standard&Poor's) March 5, 2009--On March 4, 2009, Standard&Poor's Ratings Services corrected an administrative error in its database, which occurred in relation to the rating action on Germany-based BASF SE that took place on Feb. 12, 2009. The short-term senior unsecured debt rating for the debt issues of various U.S.-based government entities failed to appear on our system. BASF Corp. is the obligator of all of these bonds, which in turn all benefit from a keep well agreement with Germany-based BASF SE. This omission has been rectified and the 'A-1' short-term ratings now appears correctly in our database (for a detailed list of the government entities affected and the current rating on these issues please see
