Markit announces changes to CDX North American High Yield index

By Angela McDaniels

Tacoma, Wash., March 18 - Markit Group Ltd. made available a list of the companies and bonds that are expected to be included in the Markit CDX North American High Yield index when it rolls into series 20 on March 27.

Eight bonds are being removed from the index and will be replaced by bonds issued by the same respective issuers. Those issuers are AES Corp., Avis Budget Group, Inc., CMS Energy Corp., Intelsat SA, Meritor, Inc., PolyOne Corp., Radian Group Inc. and Tesoro Corp.

Three companies have gone through a corporate action or credit event are being updated: United Rentals (North America), Inc.; Realogy Corp., which is now Realogy Group LLC; and Sanmina-SCI Corp., which is now Sanmina Corp.

J.C. Penney Co., Inc. is being added, and Sunoco, Inc. is expected to be removed.

The remaining 88 companies and their bonds are unchanged.

The list remains provisional until the final annex for the index is published.

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