NEW YORK (Standard&Poor's) Sept. 25, 2008--Standard&Poor's Ratings Services today placed its long-term counterparty credit ratings on two Bank of Tokyo Mitsubishi UFJ Ltd. letter of credit (LOC)-supported bond issues on CreditWatch with negative implications. At the same time, Standard&Poor's affirmed its rating on one jointly supported bond issue and corrected its CreditWatch placement on one commercial paper (CP) issue (see list). These rating actions follow our Sept. 24, 2008, placement of our long-term counterparty credit ratings on Bank of Tokyo Mitsubishi UFJ on CreditWatch negative (see "S&PCORRECT: MUFG And Three Operating Subsidiaries On Watch Negative On Morgan Stanley Alliance" on RatingsDirect, the real-time Web-based source for Standard&Poor's credit ratings, research, and risk