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.
Quotes about prudentials (2 Quotes)
Prudential's point of view was that, 'We are not the ones faxing the information,' which is ridiculous. They are the ones that solicited the business from doctors and clinics, and they are the ones setting up the protocols for receiving the information.