Markit Group sets composition of the CDX high-yield sub-indexes

By Jennifer Chiou

New York, Sept. 9 - Markit Group Ltd. announced the companies that have been removed and added to the Markit CDX North America High Yield sub-indexes effective with the upcoming roll of the indexes.

For the Markit CDX North America High Yield B series 13 index, the removals include First Data Corp., MGM Mirage, Neiman Marcus Group, Inc., Radian Group Inc., Sanmina-SCI Corp., Smithfield Foods, Inc., Tenet Healthcare Corp. and TRW Automotive Inc. The companies added are the New York Times Co. and United Rentals (North America), Inc.

For the Markit CDX North America High Yield BB series 13 index, the removals include DirecTV Holdings LLC, New York Times and United Rentals while the additions are Macy's, Inc. and Textron Financial Corp.

The Markit CDX dealers eligible to vote in the index roll are Barclays Capital Inc., BNP Paribas Securities Corp., Bank of America Merrill Lynch, Citigroup Global Markets Inc., Credit Suisse Securities (USA) LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co., HSBC Securities (USA) Inc., J.P. Morgan Securities Inc., Morgan Stanley & Co. Inc., UBS Securities LLC and Wells Fargo/Wachovia.

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

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