Standard & Poor's, the ratings agency, has cut its creditworthiness rating for Janus Capital, citing concerns over outflows from the asset management firm's funds and declining earnings.

S&P cut Janus's counterparty credit rating from BBB-plus to BBB, the second-lowest investment-grade rating. The outlook was revised from negative to stable.

Anuj Gangahar

Janus Capital

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S&P cuts Janus credit rating

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