S&P reported last week that credit quality is looking up for companies on the S&P 500 Index. In fact, 56 entities are poised for upgrades, S&P said. And while downgrades are still outpacing upgrades, the proportion of downgrades is decreasing. The downgrade ratio - the ratio of downgrades to total rating actions - of S&P 500 Index members was 56.8% for the time period starting Dec. 31, 2003, and ended March 8, 2005. This compares with a ratio of 74% in 2003.
In addition, the proportion of positive listings (credits on watch with positive implications or credits with a …
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