CDS IndexCo and Dow Jones Indexes Announce the Final Composition of its New US Crossover Index
NEW YORK, 14 September 2005 - CDS IndexCo LLC and Dow Jones Indexes, publishers of the Dow Jones CDX family of credit derivative indexes, today announced the final composition for its newest index, the Dow Jones CDX US Crossover Index (Dow Jones CDX.NA.XO), which is scheduled to launch on September 20, 2005, concurrent with the roll of the Dow Jones CDX US Investment Grade and Dow Jones CDX Emerging Market indexes.
The Dow Jones CDX US Crossover Index will consist of 35 equally weighted US entities (listed below) or a 2.857% exposure to any name. The ratings required for inclusion are either (i) a crossover (5B) rating (i.e., a rating in the BBB/Baa rating category by one of S&P and Moody's and in the BB/Ba rating category by the other), (ii) a 4B rating (i.e., a rating in the BB/Ba rating category by both S&P and Moody's) or (iii) a rating in the BB/Ba rating category by one of S&P and Moody's and no rating by the other.
| Ticker | Name | Tier |
|---|---|---|
| ABY | Abitibi Consol Inc | Senior |
| AHC | Amerada Hess Corp | Senior |
| ARM | ArvinMeritor Inc | Senior |
| AVT | Avnet, Inc. | Senior |
| BOMB | Bombardier Inc | Senior |
| BOW | Bowater Inc | Senior |
| CA | Computer Assoc Intl Inc | Senior |
| CZN | Ctzns Comms Co | Senior |
| DCN | Dana Corp | Senior |
| DELBB-America | Delhaize Amer Inc | Senior |
| DHI | D R Horton Inc | Senior |
| DISH-ESDBS | EchoStar DBS Corp | Senior |
| DTC | Domtar Inc | Senior |
| EDS | Electr Data Sys Corp | Senior |
| EK | Eastman Kodak Co | Senior |
| FLEX | Flextronics Intl Ltd | Sub |
| F-MotorCred | Ford Mtr Cr Co | Senior |
| GLW | Corning Inc | Senior |
| GMAC | Gen Mtrs Accep Corp | Senior |
| GP | GA Pac Corp | Senior |
| HCA | HCA Inc. | Senior |
| HOT | Starwood Hotels & Resorts Wwide Inc | Senior |
| JCP | J C Penney Co Inc | Senior |
| KBH | KB Home | Senior |
| KMG | Kerr Mcgee Corp | Senior |
| L | Liberty Media Corp | Senior |
| LEA | Lear Corp | Senior |
| MGG | MGM MIRAGE | Senior |
| NCX | NOVA Chems Corp | Senior |
| QUS-Corp | Qwest Corp | Senior |
| RCL | Royal Caribbean Cruises Ltd | Senior |
| SHC-Acceptance | Sears Roebuck Accep Corp | Senior |
| SUNW | Sun Microsystems Inc | Senior |
| TXU | TXU Corp. | Senior |
| UNM | UnumProvident Corp | Senior |
Sixteen firms have agreed to act as market makers for the new Dow Jones CDX.NA.XO Index and include: ABN AMRO; Bank of America; Barclays Capital; Bear Stearns; BNP Paribas; Citigroup; Credit Suisse First Boston; Deutsche Bank; Goldman Sachs; HSBC; JPMorgan; Lehman Brothers; Merrill Lynch; Morgan Stanley; UBS; and Wachovia.
Please see the "Credit Derivative Indexes" link at http://www.djindexes.com/ to view the underlying constituents of each index.
Journalists may also e-mail questions regarding this press release to:
PR-Indexes@dowjones.com or contact Sybille A. Reitz, Dow Jones Indexes Public
Relations, (212) 597-5735 or (917) 603-6987
For more information about any of the Dow Jones CDX family of indexes, please contact one of the participating dealers listed below:
ABN AMRO
Patrick Phalon, Corporate Communications, (212) 251-3524
Bank of America
Jennifer DiClerico, GCIB Communications, (212) 933-2396
Barclays Capital
Karina Byrne, Corporate Communications, (212) 412-7561
Bear Stearns
Russell Sherman, (212) 272-5219
BNP Paribas
Michael Johnson, (212) 841-2546
Citigroup
Danielle Romero-Apsilos, Corporate and Investment Banking Group Communications, (212) 816-2264
Credit Suisse First Boston
John Gallagher, Corporate Communications, (212) 325-0932
Deutsche Bank
Michele Agostinho, Press Office, (212) 250-4864
Goldman Sachs
Ed Canaday, VP, Media Relations, (212) 357-0005
HSBC
Juanita Gutierrez, Media Relations, (212) 525-6282
JPMorgan
Michael Dorfsman, Corporate Communications, (212) 270-7317
Lehman Brothers
Kerrie Cohen, Corporate Communications, (212) 526-4092
Merrill Lynch
Michael Duvally, Media Relations, (212) 449-3260
Morgan Stanley
Mark Lake, Media Relations, (212) 761-0814
UBS
Kris Kagel, UBS Corporate Communications, (212) 713-8703
Wachovia
Jim Pierpoint, VP, Media Relations, (704) 374-6512
Note to Editors:
About CDS IndexCo
CDS IndexCo is a consortium of 16 investment banks which are licensed to be market
makers in the Dow Jones CDX indexes. The market makers include: ABN AMRO,
Bank of America, Barclays Capital, Bear Stearns, BNP Paribas, Citigroup, Credit Suisse
First Boston, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Lehman Brothers,
Merrill Lynch, Morgan Stanley, UBS, and Wachovia.
About Dow Jones Indexes
Dow Jones Indexes is part of Dow Jones & Company, which publishes the world's most
vital business and financial news and information. Dow Jones Indexes is a premier
global provider of investable indexes, including the Dow Jones Averages and the Dow
Jones Global, Regional, Country and Sector Titans Indexes and is co-owner of the Pan-
European Dow Jones STOXX Indexes. Together with Wilshire Associates, Dow Jones
Indexes markets and licenses the Dow Jones Wilshire index family, which includes the
Dow Jones Wilshire 5000 and its size, style, and sector indexes. Dow Jones Indexes also
offers a number of specialty indexes including hedge fund, commodity and credit
derivative indexes.
In addition to Dow Jones Indexes, Dow Jones & Company (NYSE: DJ; dowjones.com)
publishes The Wall Street Journal and its international and online editions, Barron's and
the Far Eastern Economic Review, Dow Jones Newswires, MarketWatch and the
Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group
of Factiva, with Hearst of SmartMoney and with NBC Universal of the CNBC television
operations in Asia and Europe. Dow Jones also provides news content to CNBC and
radio stations in the U.S.
About Markit
Markit is the leading industry source for asset valuation data and services supporting
independent price verification and risk management in global financial and energy
markets. Founded in 2001, the company is an independent enterprise with which the
world's leading financial institutions and energy traders work strategically to create price
transparency. Today, Markit enjoys the sponsorship of 13 financial institutions who
manage assets in excess of $10 trillion, and data contribution relationships with over 50
dealing firms. Markit has designed, launched and acquired over 20 financial data
services which are now used by over 300 institutions globally. Areas of product
expertise and service include an independent valuation perspective on OTC derivatives
(credit, equity, FX, rates, energy, power, metals and structured products), corporate
bonds, syndicated loans, dividend forecasting, and index and ETF management. For
more information about Markit, see http://www.markit.com/
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