MARKET OUTLOOK FOR 2004

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"Emerging Markets Outlook." September 15, 2004 - Sharon Raj, Lionel Price, David Riley, Roger Scher, Ed Parker, James McCormack, Brian Coulton and Sebastien Clerc-Renaud (Fitch Ratings).

"Sovereign Upgrades to Exceed Downgrades in 2004." January 30, 2004 - John Chambers and David T. Beers (Standard & Poor's).

"Capital Flows to Emerging Markets Economies." January 15, 2004 - Institute of International Finance.

"Bubbly Fundamentals." First Quarter 2004 - Karim Abdel-Motaal (Morgan Stanley).

"Strategy for 2004." December 17, 2003 - Arturo Porzecanski (ABN Amro).

"A Challenging '04, But, Before That, '03 Has Further To Deliver." December 12, 2003 - Filippo Nencioni (CSFB).

"Emerging Markets Outlook for 2004." December 9, 2003 - Joyce Chang (J.P. Morgan).

"Latin America Economic Outlook: The Region Should Recover 2004-2005." December 9, 2003 - Thomas Trebat, Seth Antiles, Leo Goldstein, Carlos Kawall, Andres Lederman and Pradeep Kumar (Citigroup).

"Market Outlook: The Year Ahead 2004 for EM Debt -- A First Cut." December 2, 2003 - Tulio Vera (Merrill Lynch).

"Sovereign Defaults: Heading Lower Into 2004." September 18, 2003 - David T. Beers and John Chambers (Standard and Poor's).

 

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