International rating agency Standard&Poor’s upgraded Far East Telecom’s corporate governance rating to 5.8 (up from 5.3 on a 10-point scale) on June 24, 2004. The rating reflects the following features: 

• Equity structure and external – 6.0 (up from 5.5 on a 10-point scale);

• Shareholder rights and relations with financially interested partites – 7.0 (up from the previous 6.3);

• Financial transparency, disclosure of information and audit – 5.5 (up from the previous 4.7)

• BoD structure and efficiency – 4.8 (versus prior 4.9 on a 10-point scale).