Re: BlackRock Buys Barclays Global Investment (BGI)
BlackRock (BLK) NewsBite - S&P Downgrades BLK's Credit Rating
Friday, June 12, 2009 11:47 AM EDT
BlackRock (NYSE: BLK) opened at $179.60. So far today, the stock has hit a low of $170.21 and a high of $180.00. BLK is now trading at $171.99, down $10.61 (-5.81%). Over the last 52 weeks the stock has ranged from a low of $88.91 to a high of $249.37. Standard & Poor's lowered its rating on BLK's counterparty credit to 'A+/A-1' from 'AA-/A-1+' this morning, citing concerns about the company's refinancing and integration risks after it acquired BGI from Barclays PLC (BCS). Technical indicators for the stock are bearish and S&P gives BLK a negative 2 STARS (out of 5) sell ranking.
http://www.marketintelligencecenter.com/articles/890756
"That's as good as money sir, those are I.O.U.'s" - from: Dumb & Dumber
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Originally Posted by EW_ret
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