Standard & Poor's Announces Change to U.S. Indices

Jan 29, 2010, 18:02 ET from Standard & Poor's

NEW YORK, Jan. 29 /PRNewswire/ -- S&P MidCap 400 constituent Urban Outfitters Inc. (Nasdaq: URBN) will replace Affiliated Computer Services Inc. (NYSE: ACS) in the S&P 500 index, and Intrepid Potash Inc. (NYSE: IPI) will replace Urban Outfitters in the S&P MidCap 400 index on a date to be announced.  Affiliated Computer Services is being acquired by S&P 100 & 500 constituent Xerox Corp. (NYSE: XRX) in a deal expected to be completed soon, pending final approvals.

Standard & Poor's will monitor this transaction, and post any relevant updates on its website:  

Urban Outfitters operates retail specialty stores. Headquartered in Philadelphia, PA, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Apparel Retail Sub-Industry index.  

Intrepid Potash engages in the production and marketing of potassium chloride and langbeinite. Headquartered in Denver, CO, the company will be added to the S&P MidCap 400 GICS Fertilizers & Agricultural Chemicals Sub-Industry index.  

Following is a summary of the changes:

                              S&P 500 INDEX  –  TBA
                              GICS ECONOMIC     
                COMPANY          SECTOR          GICS SUB-INDUSTRY
                -------       -------------      -----------------
                 Urban          Consumer         
     ADDED    Outfitters      Discretionary        Apparel Retail
     -----    -----------     -------------        --------------
               Affiliated                          Processing &
                Computer       Information          Outsourced
    DELETED     Services       Technology             Services
    -------   -----------      -----------         --------------
                           S&P MIDCAP 400 INDEX  –  TBA
                            GICS ECONOMIC       
                COMPANY         SECTOR         GICS SUB-INDUSTRY
                -------      -------------     -----------------
                                                 Fertilizers &
               Intrepid                           Agricultural
     ADDED      Potash        Materials            Chemicals
     -----    ---------       ---------          --------------
                 Urban         Consumer          
    DELETED   Outfitters    Discretionary        Apparel Retail
    -------   ----------    -------------        --------------

For more information about S&P Indices, please visit  

About S&P Indices

S&P Indices, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index.  For more information, please visit

About Standard & Poor's

Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit

SOURCE Standard & Poor's