- Moody's cut the asset manager's outlook from stable to negative.
- The rating agency says "that sustained net outflows and inconsistent investment performance have materially weakened Waddell & Reed’s (NYSE:WDR) competitive position within the industry."
- Previously: Waddell & Reed Financial reports 4% M/M higher AUM after months of steady AUM (Feb. 13)
Waddell & Reed cut to junk by Moody’s - Bloomberg
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Symbol | Last Price | % Chg |
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WDR | - | - |
Waddell & Reed Financial, Inc. |