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Group publishes additions to US high-yield index

Tue Sep 11, 2007 10:13am EDT

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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.

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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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