Iboxx says no plan to follow Lehman bond index move

Newswire

By David Wigan LONDON, Jan 25 (Reuters) - Europe's leading fixed income index provider Iboxx has no plans to copy recent moves by Lehman Brothers and Merrill Lynch to change the inclusion criteria for its bond indexes, widely seen as a way to protect holders of debt issued by troubled auto maker General Motors Corp. . Benchmark bond indexes are in the spotlight because of concern among investors that Standard & Poor's may cut its rating on General Motors to "junk", dumping the ...

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