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S&P Downgrades JEM -- No.3 Charles Street -- Pty. Ltd.

Publication: Business Wire
Publication Date: 23-SEP-02
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Business Editors

MELBOURNE--(BUSINESS WIRE)--Standard & Poor's

Sept. 24, 2002--Standard & Poor's Ratings Services said today that it had downgraded the ratings on the class A fixed-indexed annuities and class B commercial mortgage-backed securities (CMBS) issued by JEM (No.3 Charles St) Pty. Ltd. (JEM CHARLES) from double-'A' to double-'A'-minus.

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