Group publishes additions to US high-yield index
NEW YORK, Sept 11 (Reuters) - CDS IndexCo LLC, a consortium of banks that make markets in the benchmark U.S. credit derivative indexes, has announced companies that will be included in a new series of the high yield index being introduced this month.
The consortium announced last week the companies that will be removed from the new ninth series of the index. For details, see [ID:nN07440069].
Companies introduced to the high yield index will include Alltel Corp. AT.N, Community Health Systems, Inc. (CYH.N), First Data Corp. FDC.N, Freeport-McMoRan Copper & Gold Inc. (FCX.N), Realogy Corp. H.N, Residential Capital Corp. and Tribune Co. TRB.N, CDS IndexCo said late on Monday.
A new series of the index is introduced every six months. Companies are typically removed from indexes due to rating changes or illiquidity.
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