14 Penn Plaza, 225 West 34th Street					Phone: (212) 244-6575
				New York, NY 10122					Fax: (212) 695-1618
Ratings
Breakdown of ratings for the year 2004 and prior:
	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995	1994
SATISFACTORY	11.08%	10.69%	10.64%	12.77%	14.81%	15.63%	16.11%	15.65%	15.61%	17.43%	17.04%
FAIR	29.52%	29.26%	29.28%	30.54%	31.70%	31.98%	30.77%	30.70%	31.33%	31.29%	29.14%
BARELY FAIR	34.71%	33.63%	30.14%	29.96%	29.57%	28.94%	28.49%	27.53%	27.98%	26.68%	25.04%
POOR	11.38%	11.79%	12.64%	11.71%	10.54%	10.90%	11.42%	12.04%	11.24%	11.16%	12.02%
UNSATISFACTORY	13.23%	14.53%	17.23%	14.95%	13.30%	12.49%	13.15%	13.97%	13.66%	13.32%	16.60%
DANGEROUS	0.08%	0.07%	0.07%	0.07%	0.08%	0.06%	0.06%	0.08%	0.15%	0.09%	0.13%
Reference to CAB ratings:		SATISFACTORY		Excellent financial condition
		FAIR		Adequate financial condition
		BARELY FAIR		Limited financial condition
		POOR		Weak financial condition
		UNSATISFACTORY		Inadequate financial condition
		DANGEROUS		Distressed financial condition