GICS
PR Newswire
Nov. 3
Standard & Poor's Announces Change to U.S. Index
New York, NY, July 17, 2009 - Red Hat Inc. (NYSE:RHT) will replace CIT Group Inc. (NYSE:CIT) in the S&P 500 after the close of trading on Friday, July 24. As of today's close of trading, CIT Group had a market capitalization below $275 million, ranking it 500(th) in the index.
Standard & Poor's will monitor this transaction, and post any relevant updates on its website: www.standardandpoors.com.
Red Hat provides open source software solutions to enterprises. Headquartered in Raleigh, NC, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Systems Software Sub-Industry index.
Following is a summary of the change:
S&P 500 INDEX - July 24, 2009
--------------------------------
GICS ECONOMIC GICS SUB-
COMPANY SECTOR INDUSTRY
------- ------------- ---------
Red Information Systems
ADDED Hat Technology Software
----- --- ----------- --------
CIT Specialized
DELETED Group Financials Finance
------- ----- ---------- -----------
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. Over $1 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P Global 1200, a composite index comprised of seven regional and country headline indices, the S&P Global BMI, an index with approximately 11,000 constituents, and the S&P GSCI, the industry's most closely watched commodities index. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE:MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With offices in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for nearly 150 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
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David M. Blitzer, Ph.D.
Managing Director & Chairman of the Index Committee
(212) 438-3907
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For more information contact:
SOURCE Caramar, Inc.