S&P Cuts AllianceBernstein (AB) from AA- to A+, Outlook Negative; Stock Falls

June 15, 2012 2:29 PM EDT
Shares of AllianceBernstein (NYSE: AB) have dipped into negative territory following a mid-day downgrade from S&P. The credit-ratings agency now rates the stock at A+, down from AA- previously. The outlook remains Negative.

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