As egreg explained, the space between the letters is a design decision. In most cases I'd stick with TeX's default spacing, but it's possible to remove the italic correction. The result is shown in the second line of the following image.

As you can see, the result is not always desirable: for the combination PW
, the letters are much too close to each other. But for WA
and Tf
, the output looks better with the italic correction removed. Here's my implementation of \ric
(remove italic correction):
\documentclass{article}
\newcommand*\ric[1]{\vphantom{#1}\smash{#1_{}\kern-\scriptspace}}
\begin{document}
$PS\ TN\ CD\ WA\ Tf\ PW$
$\ric{P}S\ \ric{T}N\ \ric{C}D\ \ric{W}A\ \ric{T}f\ \ric{P}W$
\end{document}
A short explanation of the code: the italic correction is not used when the character is followed by a subscript, but no superscript. However, a \scriptspace
is automatically added to the width of the subscript. I used an empty subscript and a negative kern to compensate the \scriptspace
. The rest of the code takes care of the unwanted additional depth caused by the empty subscript.