FW: E-ratings

Vince,

the email attached below is describes the individuals in RAC who will take on country risk analysis responsibilities within RAC with the intent of reviewing countries on a more frequent basis and recommending changes to E-ratings should conditions warrant. The list of 30 countries upon which more frequent analysis is required is below. We have offered to help with the more frequent review.

-- Gwyn

RAC Priority List of Countries - Eratings Reviews

1 Argentina
2 Bolivia
3 Brazil
4 Canada
5 China
6 Colombia
7 Dom. Republic
8 England
9 Germany
10 Guam
11 Guatemala
12 Hungary
13 India
14 Indonesia
15 Italy
16 Jamaica
17 Japan
18 Mexico
19 Nicaragua
20 Palestine
21 Panama
22 Philippines
23 Poland
24 Puerto Rico
25 S. Korea
26 Sweden
27 Switzerland
28 Turkey
29 UAE (United Arab Emirates)
30 Venezuela

-----Original Message-----
From: Koskas, Ethel
Sent: Wednesday, May 16, 2001 2:07 PM
To: Gorte, David; Cangucu, Andre; Ibarra, Felipe; Reyes, Pauline; Kose, Ahmet; Lee, Kyu-Bong
Subject: E-ratings

Dear All,

In order to "E-rate" the countries where Enron has assets and trading activity by Friday, we have divided the work in order to meet the deadline.

Felipe Ibarra will offer his expertise on the following countries:
Colombia/ Dom. Republic / India/ Jamaica
Mexico / Nicaragua/ Panama

Ahmet Kose will put his credit on the following:
Turkey/ Hungary / UAE

Pauline Reyes
Philippines

Kyu Bong Lee
S.Korea

Ethel Koskas will do the rest of the countries.

We need the rating for each of these countries by THIS FRIDAY (afternoon).
With a short paragraph explaining why the rating should be changed if need be and justification of the new rating.

Document will be sent to Dave Gorte, Maureen Raymond Castaneda ( Research), Olivier Herbelot (Rac Underwriting Europe) on friday evening.
They will have 3 days to review it and then discuss with Rick Buy on thursday prior to posting the new E-rating template on the RAC WEBSITE.

In parallel, we are trying to implement an E-rating by country search possible on the Rac website.

Thank you so much in advance.

All the best,

Felipe and Ethel.