JNS Slips on Credit Downgrade – Zacks Tale of the Tape
Source: http://www.zacks.com/stock/news/17641/JNS+Slips+on+Credit+Downgrade++-+Zacks+Tale+of+the+TapePosted on Monday, February 23rd, 2009 | In Stocks to Watch
Contributed by: James Giaquinto (http://www.zacks.com/) -
Janus Capital Group, Inc. (JNS) shares are down approximately 10% today after Standard & Poor’s Ratings Services cut its credit rating to junk status.
JNS was reduced to BB+/B from BBB-/A-3. In addition, it was given a “stable” outlook. The S&P attributed the credit downgrade to “weakened debt-servicing capacity.”
JNS is a Zacks #3 Rank (”hold”) company.
“JNS” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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 About James Giaquinto (http://www.zacks.com/)
James Giaquinto is an Editor at Zacks Investment Research. |
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