Bangkok--23 Jun--Standard & Poor's Globally, one more entity moved to speculative-grade territory over the past month, pushing the tally for the year to date to 16, said an article published today by Standard & Poor's. The article, which is titled "Global Potential Fallen Angels (Premium)," says that the affected rated debt of US$66.14 (?42.63) billion is already 50% of the total debt US$131.29 (?84.76) billion affected all of last year. As of June 9, 2008, 45 entities with rated debt of US$70.79 (?45.66) billion are identified as potential fallen angels, defined as entities rated 'BBB-' with either a negative outlook or with ratings on CreditWatch with negative implications. "Sectors poised to lead fallen-angel incidence include utilities with eight entities, followed by forest products with seven entities and building materials and consumer products with five," said Diane Vazza, head of Standard & Poor's Global Fixed Income Research Group. Based on rated-debt volume, the U.S.-based, utility company Entergy New Orleans Inc. is the largest potential fallen angel, with more than $6 billion in rated debt. RatingsDirect is the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. The standard version of this article is part of our standard Global Fixed Income Research content. The premium version contains expanded analysis of the article's most significant points, typically broken out by sector and region. Also in the premium version are in-depth charts and tables, the underlying data of which are available for download. Ratings information can also be found on Standard & Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. Members of the media may request a copy of this report by contacting the media representative provided. Media Contact: Mimi Barker, New York (1) 212-438-5054, [email protected] Analyst Contacts: Diane Vazza, New York (1) 212-438-2760