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JNS Slips on Credit Downgrade

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February 23, 2009 |Comments: 0
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JNS

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.

Read the full analyst report on JNS

 
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