Man Group On Review For Downgrade By Moody’s – We Had a Hunch

Moody’s Corporation (NYSE:MCO) has put the Man Group Plc (LON:EMG) up for review as the ratings agency sees the firm’s earnings being impacted by several factors that could lead to the company performing badly in the future. Moody’s highlighted several weaknesses in the company that led it to today’s decision. The report said the company’s future earnings would be negatively effected by general market pressures as well as weaknesses in sales of the firms guaranteed products. The release was particularly critical of the firm’s continued underperformance in light of the improving market conditions and the rise in equity. The downgrade would see all…