Standard & Poor's Announces Change to U.S. Index
June 26 2008 - 6:45PM
PR Newswire (US)
NEW YORK, June 26 /PRNewswire/ -- Standard & Poor's will make
the following change to the S&P 500 index after the close of
trading on Monday, June 30: -- AK Steel Holding Corp. (NYSE:AKS)
will replace Countrywide Financial Corp. (NYSE:CFC). Countrywide is
being acquired by S&P 100 and S&P 500 constituent Bank of
America (NYSE:BAC) in a deal expected to close on or about that
date, pending final approvals. Standard & Poor's will monitor
this transaction, and post any relevant updates on its website:
http://www.standardandpoors.com/. AK Steel produces carbon
flat-rolled steel for the automotive, appliance, construction and
manufacturing markets. Headquartered in West Chester, OH, the
company will be added to the S&P 500 GICS (Global Industry
Classification Standard) Steel Sub-Industry index. Following is a
summary of the change: S&P 500 INDEX - June 30, 2008 COMPANY
GICS ECONOMIC SECTOR GICS SUB-INDUSTRY ADDED AK Steel Materials
Steel DELETED Countrywide Financial Financials Thrifts &
Mortgage Finance Additions to and deletions from an S&P equity
index do not in any way reflect an opinion on the investment merits
of the companies concerned. About Standard & Poor's Index
Services Standard & Poor's Index Services, the world's leading
index provider, maintains a wide variety of investable and
benchmark indices to meet an array of investor needs. Its family of
indices includes the S&P 500, an index with $1.32 trillion
invested and $4.91 trillion benchmarked, and the S&P Global
1200, a composite index comprised of seven regional and country
headline indices. For more information, please visit
http://www.standardandpoors.com/indices. About Standard &
Poor's Standard & Poor's, a division of The McGraw-Hill
Companies (NYSE:MHP), is the world's foremost provider of financial
market intelligence, including independent credit ratings, indices,
risk evaluation, investment research and data. With approximately
8,500 employees, including wholly owned affiliates, located in 23
countries, Standard & Poor's is an essential part of the
world's financial infrastructure and has played a leading role for
more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment
and financial decisions. For more information, visit: www.
standardandpoors.com. About The McGraw-Hill Companies: Founded in
1888, The McGraw-Hill Companies (NYSE:MHP) is a leading global
information services provider meeting worldwide needs in the
financial services, education and business information markets
through leading brands such as Standard & Poor's, McGraw-Hill
Education, BusinessWeek and J.D. Power and Associates. The
Corporation has more than 280 offices in 40 countries. Sales in
2007 were $6.8 billion. Additional information is available at
http://www.mcgraw-hill.com/. DATASOURCE: Standard & Poor's
CONTACT: David M. Blitzer, Ph.D. Managing Director & Chairman
of the Index Committee +1-212-438-3907 Web site:
http://www.standardandpoors.com/
http://www.standardandpoors.com/indices http://www.mcgraw-hill.com/
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