Fitch wins inclusion on CDX eligibility criteria
CDS IndexCo, a group of 16 investment banks licensed as market-makers in the CDX indices, started using ratings from Fitch in addition to Moody's and Standard & Poor's to decide the indices' composition from March 20.
IndexCo chairman Brad Levy, MD of the Goldman Sachs Firmwide eBusiness Group, says the addition of Fitch to the CDX index methodology will make name selection more robust.
"The CDX indices are the most widely traded synthetic indices in North America and the universe of traded names
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