Global Credit Pref Corp.
TSX : GPA.PR.A

Global Credit Pref Corp.
Gatehouse Capital Inc.

Gatehouse Capital Inc.

October 19, 2007 12:41 ET

Global Credit Pref Corp.-P-3 (Low) Rating

TORONTO, ONTARIO--(Marketwire - Oct. 19, 2007) - Standard & Poor's Ratings Services lowered the rating of Global Credit Pref Corp.'s (TSX:GPA.PR.A) preferred shares today to P-3 (Low). The rating on the preferred shares of Global Credit Pref Corp. mirrors the lowering of the rating on the C$48,031,000 fixed-rate static portfolio credit linked note issued by The Toronto-Dominion Bank to BB-.

The Company has exposure to the credit linked note issued by The Toronto-Dominion Bank and held by Global Credit Trust, the return on which is linked to the credit performance of 127 reference entities (the "CLN Portfolio").

The preferred shares are listed for trading on the Toronto Stock Exchange under the symbol GPA.PR.A.

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