AmerisourceBergen Corp. ABC Abbott Laboratories ABT Affiliated Computer Services ACS Archer Daniels Midland ADM Automatic Data Processing Inc. ADP Ameren Corporation AEE American Electric Power AEP AES Corporation AES Aetna Inc. AET Allergan Inc. AGN AK Steel Holding Corp. AKS Advanced Micro Devices AMD American Tower Corporation AMT Apache Corp. APA Anadarko Petroleum Corporation APC Air Products & Chemicals APD Ashland Inc. ASH Allegheny Technologies Inc ATI Avon Products AVP Avery Dennison Corp. AVY AutoZone Inc. AZO Baxter International Inc. BAX Best Buy Co. Inc. BBY Black & Decker Corp. BDK Becton Dickinson BDX Baker Hughes BHI BJ Services Company BJS Ball Corp. BLL Bemis Company BMS Bristol-‐Myers Squibb BMY Burlington Northern Santa Fe
Corp. BNI Boston Scientific BSX Peabody Energy BTU ConAgra Foods Inc. CAG Cardinal Health Inc. CAH Cameron International Corp. CAM Caterpillar Inc. CAT
CBS Corp. CBS
Coca-‐Cola Enterprises CCE Constellation Energy Group CEG Chesapeake Energy CHK Clorox Co. CLX CMS Energy CMS CenterPoint Energy CNP Campbell Soup CPB Computer Sciences Corp. CSC CSX Corp. CSX CenturyTel Inc CTL Centex Corp. CTX CVS Caremark Corp. CVS Chevron Corp. CVX Quest Diagnostics DGX D. R. Horton DHI Danaher Corp. DHR Walt Disney Co. DIS
Dover Corp. DOV Dow Chemical DOW Dr Pepper Snapple Group DPS
Darden Restaurants DRI DTE Energy Co. DTE DIRECTV Group Inc. DTV Duke Energy DUK DaVita Inc. DVA Devon Energy Corp. DVN Equifax Inc. EFX
Edison Int’l EIX EMC Corp. EMC Eastman Chemical EMN Emerson Electric EMR EOG Resources EOG Eaton Corp. ETN Entergy Corp. ETR Exelon Corp. EXC Freeport-‐McMoran Cp & Gld FCX FedEx Corporation FDX Fidelity National Information
Services FIS Fluor Corp. FLR
Flowserve Corporation FLS Gannett Co. GCI General Mills GIS Corning Inc. GLW
Gap (The) GPS Halliburton Co. HAL Hasbro Inc. HAS Hess Corporation HES Honeywell Int’l Inc. HON Starwood Hotels & Resorts HOT Hewlett-‐Packard HPQ Block H&R HRB Harris Corporation HRS Hospira Inc. HSP The Hershey Company HSY Humana Inc. HUM International Bus. Machines IBM International Game Technology IGT Interpublic Group IPG Iron Mountain Incorporated IRM ITT Corporation ITT Illinois Tool Works ITW
Jabil Circuit JBL Johnson Controls JCI Penney (J.C.) JCP Johnson & Johnson JNJ KB Home KBH Kraft Foods Inc-‐A KFT Kimberly-‐Clark KMB
Kohl’s Corp. KSS Leggett & Platt LEG Lennar Corp. LEN L-‐3 Communications Holdings LLL
Lilly (Eli) & Co. LLY Lockheed Martin Corp. LMT
Lowe’s Cos. LOW LSI Corporation LSI Southwest Airlines LUV
Lexmark Int’l Inc LXK Masco Corp. MAS
Mattel Inc. MAT McDonald’s Corp. MCD McKesson Corp. MCK Medtronic Inc. MDT Massey Energy Company MEE Medco Health Solutions Inc. MHS
3M Company MMM Merck & Co. MRK Marathon Oil Corp. MRO Murphy Oil MUR MeadWestvaco Corporation MWV Mylan Inc. MYL Noble Energy Inc NBL Nabors Industries Ltd. NBR Newmont Mining Corp. (Hldg.
Co.) NEM NIKE Inc. NKE Northrop Grumman Corp. NOC National Oilwell Varco Inc. NOV Norfolk Southern Corp. NSC Nucor Corp. NUE Newell Rubbermaid Co. NWL New York Times Cl. A NYT Office Depot ODP Omnicom Group OMC Occidental Petroleum OXY
Pepsi Bottling Group PBG Pitney-‐Bowes PBI
PG&E Corp. PCG PepsiCo Inc. PEP Pfizer Inc. PFE Progress Energy Inc. PGN
Pulte Homes Inc. PHM PerkinElmer PKI Pepco Holdings Inc. POM
PPG Industries PPG PPL Corp. PPL Pactiv Corp. PTV Pioneer Natural Resources PXD Reynolds American Inc. RAI Rockwell Automation Inc. ROK Range Resources Corp. RRC Donnelley (R.R.) & Sons RRD Republic Services Inc RSG RadioShack Corp RSH Raytheon Co. RTN SCANA Corp SCG Sealed Air Corp.(New) SEE Schering-‐Plough SGP Sherwin-‐Williams SHW Smith International SII
Sempra Energy SRE Constellation Brands STZ Supervalu Inc. SVU Stanley Works SWK Safeway Inc. SWY Sysco Corp. SYY Molson Coors Brewing Company TAP Integrys Energy Group Inc. TEG Target Corp. TGT Tenet Healthcare Corp. THC TJX Companies Inc. TJX Thermo Fisher Scientific TMO
Tyson Foods TSN Tesoro Petroleum Co. TSO AT&T Inc. TTT Time Warner Inc. TWX Texas Instruments TXN
Textron Inc. TXT United Health Group Inc. UNH Union Pacific UNP United Parcel Service UPS
United Technologies UTX V.F. Corp. VFC Valero Energy VLO Vulcan Materials VMC Walgreen Co. WAG Wisconsin Energy Corporation WEC Whirlpool Corp. WHR Windstream Corporation WIN WellPoint Inc. WLP Williams Cos. WMB Wal-‐Mart Stores WMT Wyeth WYE Wyndham Worldwide WYN Exxon Mobil Corp. XOM Xerox Corp. XRX XTO Energy Inc. XTO Yum! Brands Inc YUM Zimmer Holdings ZMH N 207
A p p en di x 2. D es cr ipt ive s ta ti st ic s for int er im da ta . C D S s pr ea ds a re in pr es ent ed ba si s poi nt s, int er im f igur es a re in thous ands ( $1000) .
Appendix 3. Quantile process estimates of CDS spread in basis points.