צטט: pooloo 2009-02-19 20:53:57
Look at Prudential - PRU
Down 15%
It's supposed to be an insurance company. Unreal
Fitch Ratings lowered its credit ratings Thursday on the life-insurance units of Principal Financial Group Inc., Genworth Financial Inc. and Prudential Financial Inc., reflecting surging investment losses and weakening earnings capacity.
The insurers posted disappointing fourth-quarter results earlier this month amid the investment woes. Last week, Moody's Investors Service put its credit ratings on the companies on watch for possible downgrade, and Standard & Poor's Ratings Services also lowered its ratings on Principal Thursday after cutting Prudential earlier this week.
In case you missed it....
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