S&P APPOINTS DAVID JACOB EXECUTIVE MANAGING DIRECTOR AND …

 S&P APPOINTS DAVID JACOB EXECUTIVE MANAGING DIRECTOR AND
            HEAD OF STRUCTURED FINANCE RATINGS

                             __________________________

New York, August 12, 2008 ­Standard & Poor's today announced the appointment of
David Jacob as Executive Managing Director and Head of Structured Finance Ratings.
He will report to Vickie Tillman, Executive Vice President, Standard & Poor's Ratings
Services.

A pioneer in the securitization industry, Mr. Jacob brings 25 years of experience in fixed
income investment analysis and the structured finance markets. Mr. Jacob will have
oversight responsibility for all of S&P's Structured Finance operations. He replaces
Vickie Tillman, who has been acting head since January when Joanne Rose became
Executive Managing Director for Risk and Quality Policy at Standard & Poor's.

"I'm thrilled that David is joining S&P to run our Structured Finance Ratings group," said
Ms. Tillman. "He is an outstanding analyst with a deep understanding of the structured
finance markets, and his appointment further strengthens our deep and talented global
management team. David will provide strong leadership and strategic direction to the
Structured Finance business, and he will play an integral role in our ongoing efforts to
improve transparency, build investor confidence, and continue to deliver high-quality,
independent analytics."

During his career, Mr. Jacob has held a number of senior positions at financial
institutions, including Nomura Securities International where he led the Structuring
Department and was later managing director and head of International Fixed Income
Research. At JPMorgan he was managing director, head of Fixed Income Research, and
previous to that he served as vice president, head of Quantitative Analytics at Morgan
Stanley. Most recently, Mr. Jacob was a principle with Adelson & Jacob Consulting. He
began his career as an analyst at Moody's Investor Service and Equitable Life Assurance.
Mr. Jacob received an M.B.A. in Finance and Accounting; and an M.S. in Mathematics
from New York University.

"I have always had a great deal of respect for Standard & Poor's and am excited to join an
institution so steeped in independent credit analysis. From my past dealings with S&P,
I'm familiar with quality of the people this organization has, and I can't wait to work with
them," said Mr. Jacob. "As the markets recover, we will play a leading role in helping
restore confidence in the structured finance market."



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Contacts:
Ed Sweeney
Standard & Poor's
(212) 438-6634 (office)
edward_sweeney@standardandpoors.com




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