NEW YORK, Oct. 24, 2011 /PRNewswire/ -- S&P Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices effective after the close of trading on Monday, October 31:

• Xylem Inc. (NYSE: XYLwi) will replace ITT Corp. (NYSE: ITT) in the S&P 500 index, the ITT stub (NYSE: ITTwi) will replace Eastman Kodak Co. (NYSE: EK) in the S&P MidCap 400 index, Exelis Inc. (NYSE: XLSwi) will replace Kindred Healthcare Inc. (NYSE: KND) in the S&P MidCap 400 index, and Kindred Healthcare will replace Smith Micro Software Inc. (NASD: SMSI) in the S&P SmallCap 600 index. Xylem and Exelis are being spun off from ITT Corp. in a transaction expected to be completed after the close of trading on October 31, pending final approvals.  Eastman Kodak is currently ranked #400 in the S&P MidCap 400 index and is no longer appropriate for that index. Kindred Healthcare's current market capitalization makes it more representative of the small cap market space. Smith Micro Software has a market capitalization of $45 million, and is no longer representative of the small cap market space.

• Lumos Networks Corp. (NASD: LMOSV) will replace Kid Brands Inc. (NYSE: KID) in the S&P SmallCap 600 index. S&P SmallCap 600 index constituent NTELOS Holdings Corp. (NASD: NTLS) is spinning off Lumos Networks in a transaction expected to be completed after the close of trading on October 31, pending final approvals. The NTELOS Holdings stub will remain in the index. Kid Brands has a market capitalization of $50 million, and is no longer representative of the small cap market space.

S&P Indices will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.

Xylem is an equipment and service provider for water and wastewater applications. Headquartered in White Plains, NY, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Industrial Machinery Sub-Industry index.

ITT manufactures highly engineered critical components and customized technology solutions. Headquartered in White Plains, NY, the company will be added to the S&P MidCap 400 GICS Industrial Machinery Sub-Industry index.

Exelis is an aerospace, defense and information solutions company. Headquartered in McLean, VA, the company will be added to the S&P MidCap 400 GICS Aerospace & Defense Sub-Industry index.

Kindred Healthcare operates as a healthcare services company. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS Health Care Facilities Sub-Industry index.

Lumos Networks is a fiber-based network service provider. Headquartered in Waynesboro, VA, the company will be added to the S&P SmallCap 600 GICS Alternative Carriers Sub-Industry index.

Following is a summary of the changes:

For more information about S&P Indices, please visit www.standardandpoors.com/indices.

About S&P Indices

S&P Indices, a leading brand of the McGraw-Hill Companies (NYSE: MHP), maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 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/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit: www.standardandpoors.com/indices.

For more information contact:

David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907

SOURCE S&P Indices