Fitch clinches Merrill index deal
Merrill Lynch will start taking ratings from Fitch into account when assigning composite ratings to securities included in its family of credit indices. The move is a coup for rating agency Fitch, which has been lobbying for inclusion in the Merrill and Lehman index families for years. The change will result in adjustments to ratings on roughly 2,300 of the 18,818 securities in the Global Broad Market, Global High Yield and Global Emerging Market indices.
When including a security in an index
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