New Developments 2005

Mexico VRR, Series D, Record Date of September 15 and Payment Date of September 30 Expected. Trades are 'Ex-Dividend' on September 13. Calculations for Payments on the VRR's will be Announced by the Fiscal Agent Shortly.

Standard & Poor's Raises Morocco's Long-Term Foreign Currency Rating to BB+. 

Fitch Upgrades Russia to BBB. 

Forward Trading in Argentina GDP-Linked Securities: EMTA Memo, Forms of Confirmation and Bilateral Netting Agreement. 

Standard & Poor's Raises South Africa's Long-Term Foreign Currency Rating to BBB+. 

Iraq Announces Terms of Commercial Debt Settlement Offer. 

Statement from the People's Bank of China on Reforming the RMB Exchange Rate Regime.  

Malaysia Adopts Managed Float for Ringgit. 

Standard & Poor's Raises Long-Term Rating on China to A-. 

Fontana v. Argentina and Applestein v. Buenos Aires, Second Circuit Decisions Re: Bondholder Standing to Sue.

Emerging Markets Benefit to Be Held in London on September 30, 2005. Click Here for the Invitation.