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Prospect News home > News index > List of issuers G > Headlines for General 2008 > News item
Published on 9/18/2008 in the Prospect News Investment Grade Daily.

Markit removes WaMu from Markit CDX Investment Grade index

By Angela McDaniels

Tacoma, Wash., Sept. 18 - Markit Group Ltd. said Washington Mutual, Inc. was removed from the Markit CDX Investment Grade index due to its ratings downgrade.

ERP Operating LP was chosen as WaMu's replacement, according to a company news release. The change will become effective when the index rolls on Sept. 29.

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


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