Global DiSCS Trust 2004-1
TSX : DST.UN

Global DiSCS Trust 2004-1

October 25, 2005 12:22 ET

S&P Lowers GLOBAL DiSCS Trust 2004-1 Rating on Delphi Bankruptcy

TORONTO, ONTARIO--(CCNMatthews - Oct. 25, 2005) - Global DiSCS Trust 2004-1 (TSX:DST.UN) -

Standard & Poor's Ratings Services lowered the credit rating on Global DiSCS Trust 2004-1 (to 'A-' from 'AA-'. An obligation rated 'A' still has a strong capacity to meet its financial commitments as they become due. The downgrade on Global DiSCS Trust 2004-1 reflects primarily the lowering of the corporate credit rating on Delphi Corp. to 'D' from 'CCC-'. Please refer to the October 20, 2005 press release re: Delphi Corporation Credit Event for further details.

The Units of Global DiSCS Trust 2004-1 are listed for trading on The Toronto Stock Exchange under the symbol "DST.UN".

Contact Information

  • GLOBAL DiSCS Trust 2004-1
    Investor Services (broker/investor enquiries)
    1-888-246-6656
    (416) 364-1197 (FAX)
    info@sentryselect.com
    or
    GLOBAL DiSCS Trust 2004-1
    June MacKinnon (MEDIA enquiries only)
    1-888-246-6656
    (416) 364-1197 (FAX)
    www.sentryselect.com