S&P says weak credits may impair S&P 500

Newswire

By Jonathan Stempel NEW YORK, Oct 28 (Reuters) - The credit quality of Standard & Poor's 500 companies is falling, and that may bode ill for investors counting on a quick recovery for the benchmark, according to the company that creates the index. S&P said on Monday that of the 434 companies in the index that carry bond ratings, 114 have "negative" outlooks, which means their ratings are more likely to fall than rise. Another 25 are on "review" for a downgrade, which means they ...

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