Details of the changes can be accessed by clicking here.
In January, 2002 Standard & Poor's announced a significant revision to the Canadian suite of indices. Key among the changes is a set of new criteria for inclusion and maintenance of public companies in the index. There will no longer be a requirement for the index to have exactly 300 constituents. Company size and liquidity will be the chief attributes determining index membership. Today's announcement of the first quarterly revision results represents the first transition phase of the new Maintenance Policies, and the first implementation of the new Criteria for Inclusion. The next quarterly review will take place in September, 2002, based on market information up to and including August 30th, 2002. After the final transition review in December of 2002, regular quarterly reviews following the full set of guidelines as set out in the Maintenance Policies and Criteria for Inclusion will be in effect starting in 2003.
Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at www.spglobal.com.
Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, Business Week and McGraw-Hill Education. The corporation has more than 300 offices in 33 countries. Sales in 2000 were $4.3 billion. Additional information is available at www.mcgraw-hill.com.
