US CREDIT-Dana spreads narrow, but outlook is cloudy

Newswire

NEW YORK, Jan 24 (Reuters) - Dana Corp.'s credit got a nice boost on Monday after investors found out the company will be included in the widely watched Lehman Brothers U.S. Aggregate index, but traders disagree about whether the credit is likely to narrow further. There's a lot to like about Dana. By the middle of this year, Dana will be added to the Lehman U.S. Aggregate index, according to rule changes announced on Monday. This should encourage more investment-grade portfolio managers ...

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