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Article: CDX Indices Add Fitch Ratings to Eligibility Criteria.
- Article from:
- Business Wire
- Article date:
- March 8, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- CDS IndexCo LLC ("CDS IndexCo"), a consortium of sixteen investment banks licensed as market makers in the CDX indices, today announced that it has added Fitch Ratings as a determinant for an entity's inclusion in the indices, in addition to Moody's and Standard & Poor's.
This change to the inclusion rules governing CDX, the widely traded family of credit derivative indices, will take effect on the next index roll on March 20, 2007.
Brad Levy, Managing Director, Firmwide eBusiness Group at Goldman Sachs and acting Chairman of CDS IndexCo, said: "CDS IndexCo has added Fitch Ratings to the CDX index composition methodology in order to make ...