TEXT-S&P says E-MAC ratings unchanged

Newswire

(The following statement was released by the ratings agency) LONDON, Oct 29 - Standard & Poor's Ratings Services said today that its ratings on the notes issued by E-MAC NL 2002-I B.V., E-MAC NL 2003-I B.V., E-MAC NL 2003-II B.V., and E-MAC 2004-I B.V. (the "E-MAC transactions") are unaffected by the downgrade of General Motors Acceptance Corp. (GMAC). On Oct. 14, 2004, Standard & Poor's lowered its long-term rating on GMAC to 'BBB-' from 'BBB'. This triggered an obligation set ...

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