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TEXT-S&P sets auto supply cos teleconference for Tues

(The following statement was released by the rating agency)

NEW YORK, March 31 - Standard & Poor's will hold a telephone conference call on Tuesday, April 1, at 2:00 PM Eastern Standard Time, to discuss the outlook for credit quality in the North American auto supply industry. The speaker for this conference call will be Martin King from the Corporate Ratings auto supplier industry team. After the prepared remarks, Martin and members of the team will be available to answer your questions.

Please note that Standard & Poor's offers all of its broadcast teleconference calls to all interested participants on a complimentary basis. Live Dial-in Number: 1-712-257-2017 Call Confirmation# 3419175 Passcode: SANDP

The call will begin promptly at the time indicated. Please call at least 15 minutes before the scheduled start of the call to complete the pre-call registration process. The Call Confirmation # is "3419175" and Passcode: SANDP Participants will be asked to provide their name, company affiliation, and fax numbers or e-mail address. The entire call will last approximately one hour, and after brief presentations by the analysts, participants will be able to ask questions directly about this topic.

Replays: Recorded replays of the call are made available about an hour after the call concludes. This recording is available until Tuesday, April 8, 2003. Callers will be asked for their name, company, e-mail or fax number. Replay number: 1-402-220-3768

RealAudio(tm) Available from Standard & Poor's World Wide Web Site: The call will also be available live in "listen-only" mode from the Standard & Poor's Home Page for listeners worldwide with PCs equipped with the Real Player(tm) software, sound card, and speakers. Point your web browser at and follow the link for "Events." The RealAudio(tm) on-demand playback is available until Tuesday, April 29, 2003.

Standard & Poor's uses web usage, billing, and contact data from subscribers for billing and order fulfillment purposes, for new product development and occasionally to inform subscribers about products or services from Standard & Poor's and The McGraw-Hill Companies. For more information please visit our Privacy Notice http://www.mcgraw-hill.com/privacy.html If you have any questions about the conference call, please e-mail: [email protected].

Please send any address corrections via e-mail to [email protected] or via fax to +1-212-438-6698. Contact: Martin King, New York (1) 212-438-7800