BEIJING August 6, 2008 – Standard & Poor’s, announced the signing of a technical services agreement with Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. (Shanghai Brilliance), one of the leading credit rating agencies in the People’s Republic of China. The agreement will provide Standard & Poor’s and Shanghai Brilliance with a mutually beneficial platform to share respective knowledge and experience. Broad areas of cooperation include participating in training sessions, collaborating on joint research projects and sharing credit rating expertise.

The agreement represents Standard & Poor’s deep commitment to China,” said Standard & Poor’s President Mr. Deven Sharma. “We look forward to sharing our global expertise, while also learning from Shanghai Brilliance’s unparalleled knowledge of China’s financial markets. China is a very important strategic market for Standard & Poor’s and we hope to play a greater role in supporting the growth and globalization of its capital markets.”

Source: S&P Press Release

BIIA Newsletter July / August 2008 Issue