Lehman Brothers to include Fitch for index rules

Newswire

NEW YORK, Jan 24 (Reuters) - Lehman Brothers will use Fitch ratings to help determine what bonds are included in its high-grade credit index, the investment bank said on Monday. The widely anticipated move would allow General Motors Corp. to remain in the high-grade index if its ratings are cut to junk status by one rating agency. Fears of a GM downgrade to junk have rattled the bond market in recent weeks after Standard & Poor's said it was reviewing its rating outlook on GM, now just ...

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