“If the rating agencies downgrade this across the board ... that could have an impact on the earnings,”
Paul Newsome
“Prudential's downgrade is extremely rare. In the last five months, despite the market downturn, ratings have been fairly optimistic. This is very rare, especially for a company as big and as popular as J.P. Morgan Chase. It's also a tricky scenario in which J.P. Morgan also covers Prudential.”
Tom O'Keefe
“It's a little premature for a downgrade like this when the industry is about to report earnings that are better than anyone expected. We're pretty neutral on the industry but selectively bullish on certain stocks. If anything, the sell-off has created even more opportunities.”
Ruchi Madan
“Ongoing fears of possible Bank of Japan intervention combined with renewed rumors of a possible downgrade of Japan's credit rating also weighed on the yen.”
Alex Beuzelin
“The downgrade was not a big shock. It had been rumored for months,”
Bob Lynch
“We are not downgrading anybody,”
Catherine Murray
“Investors may want a premium on bonds, which may push the cost of borrowing up. But a downgrade will have an immediate impact on the cost of debt.”
Channa Amaratunga
