S&P Lowers Ratings on Industrial Bank of Japan-Supported CP Programs

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S&P Lowers Ratings on Industrial Bank of Japan-Supported CP Programs

    NEW YORK, Feb. 5 /PRNewswire/ -- Standard & Poor's today lowered its
ratings for three Industrial Bank of Japan Ltd.-supported commercial paper
programs to 'A-3' from 'A-2' (see list).
    The rating action follows the Feb. 4, 2002, downgrade of Industrial Bank
of Japan Ltd.'s CD rating.

    RATINGS LOWERED ON INDUSTRIAL BANK OF JAPAN LTD.-SUPPORTED CP PROGRAMS
                                                        TO           FROM
    Astro Capital Corp.
    $5 billion 3(A)2 commercial paper  program          A-3           A-2

    Mitsubishi Motors Credit of America Inc.
    $200 million 3(A)2 commercial paper program         A-3           A-2

    Working Capital Management Co. L.P.
    $3 billion 4(2) commercial paper program            A-3           A-2

SOURCE Standard & Poor's

http://www.standardandpoors.com/ratings
CONTACT:
Margaret DeStephen, +1-212-438-7318, or Helen
Anagnostos, +1-212-438-7315, both of Standard & Poor's Ratings
Services, New York