* Distribution of Ratings/IB Services KBW
				**IB Serv./Past 12 Mos.		***M Serv./Past 12 Mos
Rating	Count	Percent		Count	Percent		Count	Percent
Outperform	246	41.55		64	26.02		88	35.77
Market Perform	278	46.96		56	20.14		97	34.89
Suspended	37	6.25		6	16.22		12	32.43
Underperform	28	4.73		2	7.14		8	28.57
Covered -Not Rated	3	0.51		0	0.00		0	0.00

*	KBW maintains separate research departments; however, the above chart, "Distribution of Ratings/IB Services," reflects combined information related to the distribution of research ratings and the receipt of investment banking fees globally.