/ 17 September 2001

S&P: ATTACKS WON?T DO LONG TERM DAMAGE

FINANCIAL ratings firm Standard & Poor’s said on Thursday it did not believe Tuesday’s attacks at the World Trade Center and the Pentagon would have a long-term adverse impact on the economy. “Our economic, financial and debt analysts continue to assess the situation and we are convinced that this will not have a negative long-standing impact on global financial markets,” said S&P President Leo O’Neill in a statement. S&P also said that to its knowledge, none of its employees were among the victims of the devastating attacks at the World Trade Center, and the company’s systems and data in its Lower Manhattan office were unimpaired. S&P said it would resume operations in its office at 55 Water Street in Lower Manhattan “in accordance with instructions from government officials.” – Reuters

Wednesday September 12, 2001