Can you provide a list of companies on negative credit watch with
Standard & Poors?  I read somewhere that there are over 100.

Dear dmw3,

All I could find is an S&P list from May, 2002 of 23 companies that
were on a "credit cliff."  They define this as a downward spiral in
credit quality set off when a company has to post collateral or pay
back debt after it trips a trigger.  I could find nothing more recent
than that.  Disturbingly, I found a lot of articles mentioning
companies that were being added to this list.  Just not the list.

Companies identified by S&P with a potential "credit cliff" are: 

U.S. COMPANIES RATINGS 

1.  Aquila Inc BBB/Watch Neg/A-2 
2.  Black Hills Corp BBB/Stable/A-2 
3.  Dominion Resources Inc. BBB+/Stable/A-2 
4.  Dynegy Inc. BBB/Watch Neg/A-3 
5.  Georgia-Pacific Corp. BBB-/Stable/A-3 
6.  Halliburton Co. A-/Watch Neg/A-2 
7.  Mirant Corp. BBB-/Stable/A-3 
8.  Petroleum Geo-Services ASA BBB-/Watch Neg/-- 
9.  PG&E National Energy Group Inc. BBB/Stable/-- 
10.  Philadelphia Gas Works BBB/Watch Neg/-- 
11.  Raytheon Co. BBB-/Stable/A-3 
12.  Reliant Resources Inc. BBB/Watch Neg/A-2 
13.  Semco Energy Inc. BBB/Negative/-- 
14.  Tyco International Ltd. BBB/Watch Dev/A-3 
15.  Williams Companies Inc. (The) BBB+/Watch Neg/A-2 


EUROPEAN COMPANIES RATINGS 

1.  Basell N.V. BBB-/Stable/-- 
2.  Eutelsat S.A. BBB/Stable/A-2 
3.  Polish Oil and Gas Co. BBB/Positive/-- 
4.  Repsol-YPF S.A. BBB/Negative/A-3 
5.  Rexel S.A. --/--/A-3 
6.  Telekomunikacja Polska S.A. BBB/Watch Neg/-- 
7.  Vivendi Environnement S.A. BBB+/Negative/A-2 
8.  Vivendi Universal S.A. BBB/Negative/A-3 

S&P: Dynegy among 23 firms vulnerable to triggers
http://www.chron.com/cs/CDA/story.hts/special/enron/1412674

Keywords Used: 
companies negative credit watch S&P
http://search.yahoo.com/search?p=companies+negative+credit+watch+S%26P

Thanks for your help.