BradyNet Press Release

BradyNet Launches The BradyNet Ratings Ladder

BradyNet.com the world's leading Emerging Market Bond portal announces the launch of the 'BradyNet Ratings Ladder', consolidating the long term sovereign foreign currency credit ratings from four leading international rating agencies, covering 110 countries.

"With an increasing number of credit rating agencies providing rating assesments on both developed and emerging economies, we believe it is important to attempt to consolidate their findings, and to create an 'average' measure of rating agency opinion on each country" commented BradyNet's Head of Content Tony Nemecek.

"We hope this will be especially valuable in cases where there are split ratings in effect. In these instances, it is not clear which rating the market is using to price off, so here, an average rating measure should prove helpful. BradyNet has also formulated a world average ratings level which we hope will be a useful measure of the quality of global credit."

The BradyNet Ratings Ladder is the calculated average rating of the four agencies participating on BradyNet: Moody's, S&P, FitchIBCA Duff & Phelps, and Thomson Financial Bankwatch. Specific points are assigned to each possible rating level. Starting with 100 points assigned to a perfect AAA (or Aaa) rating, points are then subtracted for every ratings level below AAA for each country. In case of a positive or negative outlook, 1 point is added or subtracted, repectively. The average is calculated from these assigned points. The countries are listed by their average rating.

The BradyNet Ratings Ladder will be updated on a weekly basis and when major changes in rating agency assessments take place. The Ratings ladder is free to all BradyNet viewers, please go to http://www.bradynet.com/e881.html.

About BradyNet.com:
BradyNet.com is the leading publisher of emerging markets fixed income information through the Internet. Used by viewers throughout the world, its interactive service provides comprehensive coverage of emerging market debt including Brady bonds, Eurobonds, global issues, local fixed income products and emerging market derivatives. Services include daily pricing, analytics, research, news, commentary, career opportunities, editorials, discussion Forums as well as a communication platform on Emerging Markets' fixed income investments. BradyNet.com is a fully owned subsidiary of IDEAGlobal.com.

About IDEAglobal.com:
Founded in 1989, IDEAglobal.com provides actionable online research on equity, fixed income and foreign exchange markets in over 70 different countries. Headquartered in Singapore, IDEAglobal.com has a research and sales presence in London and New York and currently employs over 110 financial market analysts and economists. The company numbers the world's largest financial institutions, hedge funds and central banks amongst its client base, and has a growing readership amongst the retail investor community worldwide through its various internet offerings.

DISCLAIMER: The information and opinions contained herein do not necessarily express the opinions of BradyNet, Inc. This report has been prepared solely for informational purposes and is not a solicitation of any transaction in the securities with which it deals or an offer to enter into any such transaction. Prices and/or other information in this report are subject to change without prior notice.

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