Markit removes nine companies from Markit CDX Investment Grade index

By Susanna Moon

Chicago, March 6 - Markit Group Ltd. said it removed nine companies from the Markit CDX Investment Grade index.

The companies are Embarq Corp., Gannett Co., Inc., iStar Financial Inc., Limited Brands, Inc., New York Times Co., MBIA Insurance Corp., Mohawk Industries, Inc., Starwood Hotels & Resorts Worldwide, Inc. and Wyeth.

The change will become effective when the index rolls on March 20.

Markit provides independent data, portfolio valuations and over-the-counter derivatives trade processing to the financial markets.

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