Business Week on The Weakest Links ( Vulnerable Companies as of October 15)

BusinessWeek Investing October 22, 2008, 4:53PM EST text size: TT
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