S&P's List of Companies Vulnerable to Default

Data as of Oct. 15, 2008.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
B-/CreditWatch Negative
Automotive Ford Motor Co. 116,914 U.S.
Automotive General Motors Corp. 81,178 U.S.
CP&ES Pliant Corp. 543 U.S.
Consumer products Cott Corp. 275 Canada
Consumer products MEGA Brands Inc. 267 Canada
Forest AMH Holdings Inc. 611 U.S.
Forest WII Components Inc. 120 U.S.
Health care Chem Rx Corp. 117 U.S.
Media and entertainment Advanstar Inc. 775 U.S.
Media and entertainment Endurance Business Media Inc. 160 U.S.
Media and entertainment Fontainebleau Las Vegas Holdings LLC 1,725 U.S.
Media and entertainment Jobson Medical Information LLC 132 U.S.
Media and entertainment NextMedia Operating Inc. 340 U.S.
Media and entertainment Panavision Inc. 430 U.S.
Oil and gas EP Agri International Resources Pte. Ltd. 150 Singapore
Oil and gas EP Frontier Drilling A.S.A 265 Norway
Oil and gas EP VeraSun Energy Corp. 660 U.S.
Transportation JetBlue Airways Corp. 425 U.S.
Transportation US Airways Group Inc. 1,744 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
B-/Outlook Negative
Automotive Accuride Corp. 825 U.S.
Automotive Hilite International Inc. 164 U.S.
Automotive Keystone Automotive Operations Inc. 375 U.S.
Automotive Mark IV Industries Inc. 988 U.S.
Automotive TI Automotive Ltd. 657 U.K.
Bank CentroCredit Bank JSC 0 Russia
Bank Nadra Bank 0 Ukraine
Brokerage Investment Company Veles Capital LLC 0 Russia
Capital goods Baxi Holdings Ltd. 173 U.K.
CP&ES Arclin Canada Ltd. 460 Canada
CP&ES Exopack Holding Corp. 220 U.S.
CP&ES Synagro Technologies Inc. 440 U.S.
CP&ES United Site Services Inc. 265 U.S.
Consumer products Broder Bros. Co. 225 U.S.
Consumer products Dole Food Co. Inc. 2,080 U.S.
Consumer products Fage Dairy Industry S.A. 177 Greece
Consumer products IT Holding SpA 252 Italy
Consumer products JFC Group Co. Ltd. (CJSC) 0 Russia
Consumer products Rafaella Apparel Group Inc. 172 U.S.
Consumer products Targus Group International Inc. 273 U.S.
Consumer products Wilton Products Inc. 700 U.S.
Consumer products WP Evenflo Holdings Inc. 165 U.S.
Finance companies DriveTime Automotive Group, Inc. 270 U.S.
Forest AbitibiBowater Inc. 6,488 Canada
Forest Advance Agro Public Co. Ltd. 250 Thailand
Forest Builders FirstSource Inc. 275 U.S.
Forest Caraustar Industries Inc. 229 U.S.
Forest Grant Forest Products Inc. 0 Canada
Forest Industrias Unidas S.A. de C.V. 0 Mexico
Forest Jacuzzi Brands Corp. 320 U.S.
Forest Mandra Forestry Finance Ltd. 195 British Virgin Islands
Forest M-real Corp. 1,619 Finland
Forest NTK Holdings Inc. 1,776 U.S.
Forest United Subcontractors Inc. 360 U.S.
Health care CCS Medical 424 U.S.
Health care Cohr Holdings Inc. 140 U.S.
Health care InSight Health Services Corp. 315 U.S.
Health care Spheris Inc. 125 U.S.
Health care TLC Vision Corp. 85 U.S.
High technology Consona ERP Inc. 185 U.S.
High technology NXP B.V. 11,771 Netherlands
High technology Palm Inc. 400 U.S.
Home/RE Hovnanian Enterprises Inc. 2,655 U.S.
Home/RE Neo-China Land Group (Holdings) Ltd. 400 China
Home/RE Standard Pacific Corp. 1,154 U.S.
Home/RE William Lyon Homes 550 U.S.
Insurance Arrowhead General Insurance Agency Inc. 170 U.S.
Insurance USI Holdings Corp. 950 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
B-/Outlook Negative (continued)
Media and entertainment Downstream Development Authority 197 U.S.
Media and entertainment Education Media & Publishing Group Ltd. 6,650 Ireland
Media and entertainment Gateway Casinos & Entertainment Inc. 947 Canada
Media and entertainment Gray Television Inc. 925 U.S.
Media and entertainment Little Traverse Bay Bands of Odawa Indians 120 U.S.
Media and entertainment Motorsport Aftermarket Group Inc. 160 U.S.
Media and entertainment MTR Gaming Group Inc. 255 U.S.
Media and entertainment Realogy Corp. 6,295 U.S.
Media and entertainment Spanish Broadcasting System Inc. 400 U.S.
Media and entertainment Station Casinos Inc. 2,550 U.S.
Media and entertainment Tribune Co. 13,577 U.S.
Media and entertainment Trump Entertainment Resorts Holdings L.P. 1,250 U.S.
Media and entertainment Univision Communications Inc. 10,200 U.S.
Media and entertainment Workflow Management Inc. 415 U.S.
Metals, mining, and steel Bemax Resources Ltd. 175 Australia
Metals, mining, and steel G Steel Public Co. Ltd. 170 Thailand
Metals, mining, and steel USEC Inc. 650 U.S.
Oil and gas EP Dune Energy Inc. 300 U.S.
Retail/restaurants A.T.U Auto-Teile-Unger 204 Germany
Retail/restaurants BCBG Max Azria Group, Inc. 200 U.S.
Retail/restaurants BI-LO LLC 0 U.S.
Retail/restaurants Claire's Stores Inc. 2,385 U.S.
Retail/restaurants Eddie Bauer Holdings Inc. 225 U.S.
Retail/restaurants El Pollo Loco Inc. 225 U.S.
Retail/restaurants Guitar Center Holdings Inc. 1,427 U.S.
Retail/restaurants Krispy Kreme Doughnuts Inc. 110 U.S.
Retail/restaurants MAPCO Express Inc. 296 U.S.
Retail/restaurants Mastro's Restaurants LLC 100 U.S.
Retail/restaurants Mothers Work Inc. 90 U.S.
Retail/restaurants Perkins & Marie Callender's Inc. 322 U.S.
Retail/restaurants Sagittarius Restaurants LLC 295 U.S.
Savings and loans Downey Financial Corp. 200 U.S.
Telecommunications Bite Finance International B.V. 408 Lithuania
Telecommunications Charter Communications Inc. 22,408 U.S.
Telecommunications Securus Technologies Inc. 194 U.S.
Telecommunications U.S. TelePacific Holdings Corp. 199 U.S.
Transportation AMR Corp. 4,071 U.S.
Transportation Swift Corp. 4,275 U.S.
Transportation Titan Petrochemicals Group Ltd. 400 Hong Kong
Transportation Trailer Bridge Inc. 85 U.S.
Transportation UAL Corp. 3,390 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
CCC+/CreditWatch Negative
Capital goods Electrical Components International Inc. 305 U.S.
CP&ES Polymer Holdings LLC 585 U.S.
Forest Building Materials Holding Corp. 350 U.S.
Forest Chesapeake Corp. 335 U.S.
Media and entertainment Barrington Broadcasting LLC 398 U.S.
Media and entertainment Cambium Learning Inc. 128 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
CCC+/Outlook Negative
Automotive Chrysler LLC (Chrysler Holding LLC) 9,000 U.S.
Automotive Lazy Days' R.V. Center Inc. 125 U.S.
Automotive Metaldyne Corp. 860 U.S.
Capital goods Euramax International Inc. 667 U.S.
CP&ES Constar International Inc. 395 U.S.
CP&ES Foamex L.P. 600 U.S.
CP&ES Georgia Gulf Corp. 1,600 U.S.
CP&ES Millennium Inorganic Chemicals 0 U.S.
Consumer products KIK Custom Products Inc. 645 Canada
Finance companies Checksmart Financial Co. 195 U.S.
Finance companies DaimlerChrysler Financial Services Americas LLC 6,000 U.S.
Forest Treofan Holdings GmbH 231 Germany
Forest White Birch Paper Co. 550 U.S.
Health care LifeCare Holdings Inc. 402 U.S.
Home/RE Stanley-Martin Communities LLC 133 U.S.
Media and entertainment Affinity Group Holding Inc. 436 U.S.
Media and entertainment Alpha Media Group Inc. 160 U.S.
Media and entertainment American Media Operations Inc. 1,005 U.S.
Media and entertainment CommerceConnect Media Holdings Inc. 0 U.S.
Media and entertainment Freedom Communications Inc. 650 U.S.
Media and entertainment GateHouse Media Operating Inc. 1,195 U.S.
Media and entertainment Head N.V. 152 Netherlands
Media and entertainment ION Media Networks Inc. 867 U.S.
Media and entertainment Morris Publishing Group LLC (Morris Communications 475 U.S.
Media and entertainment Muzak Holdings LLC 375 U.S.
Media and entertainment Six Flags Inc. 3,140 U.S.
Media and entertainment Triple Crown Media LLC (Triple Crown Media Inc.) 120 U.S.
Metals, mining, and steel Indalex Holding Corp. 270 U.S.
Retail/restaurants Loehmann's Holdings Inc. 110 U.S.
Retail/restaurants Oriental Trading Co. Inc. 590 U.S.
Retail/restaurants Sbarro Inc. 333 U.S.
Sovereign Islamic Republic of Pakistan 5,952 Pakistan
Telecommunications Hawaiian Telcom Communications Inc. 985 U.S.
Utility Cheniere Energy Inc. 2,177 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
CCC/CreditWatch Negative
Media and entertainment Alliance Film Holdings Inc 351 Canada
Media and entertainment Mount Airy #1 LLC 455 U.S.
CCC/Outlook Negative
CP&ES Tegrant Corp. 290 U.S.
Consumer products Airborne Health Inc. 160 U.S.
Consumer products Best Brands Corp. 245 U.S.
Consumer products Human Touch LLC. 100 U.S.
Consumer products Merisant Worldwide Inc. 546 U.S.
Consumer products True Temper Sports Inc. 235 U.S.
Consumer products Waterford Wedgwood PLC 226 Ireland
Finance companies Geneva Finance Ltd. 0 New Zealand
Health care InterDent Inc. 80 U.S.
Health care Rotech Healthcare Inc. 287 U.S.
Home/RE Rhodes Co.'s LLC (The) 393 U.S.
Media and entertainment Black Gaming LLC 573 U.S.
Media and entertainment MediaNews Group Inc. 1,047 U.S.
Media and entertainment Progressive Gaming International Corp. 0 U.S.
Media and entertainment Young Broadcasting Inc. 990 U.S.
Oil and gas EP Petrol AD 136 Bulgaria
Retail/restaurants Finlay Enterprises Inc. 200 U.S.
Retail/restaurants Uno Restaurant Holdings Corp. 142 U.S.
Transportation Atlantic Express Transportation Corp. 185 U.S.
Utility November 2005 Land Investors, LLC 232 U.S.
CCC-/Outlook Negative
Financial institutions Transtel Intermedia, S.A. 170 Colombia
High technology ASAT Holdings Ltd. 150 Hong Kong
Home/RE Fleetwood Enterprises Inc. 100 U.S.
Insurance Conseco Senior Health Insurance Co. (Conseco Inc.) 0 U.S.
Rating Combination And Subsector Issuer Debt (US$ Mil) Country
CC/CreditWatch Negative
Forest Masonite International Inc. 1,175 Canada
Health care Angiotech Pharmaceuticals Inc. 575 Canada
Insurance Penn Treaty Network America Insurance Co. 0 U.S.
CC/Outlook Negative
Consumer products EuroFresh Inc. 214 U.S.
Telecommunications P.T. Mobile-8 Telecom Tbk 100 Indonesia