Cigarettes:

​​JULY: Star Science (CIGX) - D (NEW) | (old): DD  (old was JUNE)

JULY: Vector Group (VGR) - CCC

JULY: Altria Group (MO) - AAA

JULY: Philip Morris International (PM) - AA

Credit Services:

​JULY: Medallion Financial (TAXI) - BBB

JULY: SP Bancorp (SPBC) - AA (NEW) | (old): A​ ​(old was JUNE)

JULY: Regional Management (RM) - BBB (NEW) | (old): B (old was JUNE)

Life Insurance:

​​JULY: Presidential Life (PLFE) - CCC

JULY: Citizens Inc (CIA) - BBB

JULY: Life Partners (LPHI) - FF

Railroads:

​​JULY: Union Pacific Corp (UNP) - BBB (NEW) | (old): AA (old was JUNE)

JUNE: Norfolk Southern Corp (NSC) - BBB 

JULY: CSX Corp (CSX) - A (NEW) | (old): AA (old was JUNE)

JUNE: Kansas City Southern (KCU) - A

Research Services:

JUNE: Myriad Genetics Inc (MYGN) -​​ BBB 

JULY: Gen-Probe Inc. (GPRO) -  BB (NEW) | (old): BBB (old was JUNE)

JULY: Acacia Research Corp (ACTG) - A (NEW) | (old): AA (old was JUNE)

Aluminum:

JUNE: Alcoa Inc (AA) -​ CC 

JUNE: Century Aluminum Co (CENX) - BB 

JUNE: Kaiser Aluminum Corp (KALU)  - BBB 

Industry: Variety Stores:

​JULY: Walmart Stores Inc (WMT) - A (NEW) | (old): AAA​ (old was JUNE)

JUNE: Target Corp (TGT) - C 

Industry: Electric Utilities:

JUNE: Southern Co (SO) -  AAA 

JUNE: Dominion Resources Inc (D) - BB 

JUNE: Duke Energy Corporation (DUK) - B 

Industry: Independent Oil & Gas:

JUNE: Occidental Petroleum Corp (OXY) - A 

JUNE: Apache Corp (APA) - BBB 

JUNE: Anadarko Petroleum Corp (APC) - CCC 

JUNE: Devon Energy Corp (DVN) - AAA