Seeking Alpha

Hopefully setting a trend, Genworth (GNW)  acting CEO Martin Klein says Moody's can go...

Hopefully setting a trend, Genworth (GNW)  acting CEO Martin Klein says Moody's can go ahead and cut away because it's more costly for the firm to try and defend its investment-grade status. A downgrade won't alter the firm's bond spreads, he says, and it's better for investors to understand "what this means ... it's not the end of the world."
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