KeyCorp shares are trading lower after S&P lowered its rating on the bank.
Portfolio Pulse from Benzinga Newsdesk
KeyCorp's stock is trading lower following a downgrade by S&P, which lowered its rating on the bank.
August 22, 2023 | 4:33 pm
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NEGATIVE IMPACT
KeyCorp's shares are trading lower after S&P lowered its rating on the bank, indicating a negative short-term impact on the stock.
Ratings from agencies like S&P significantly influence investor sentiment. A downgrade usually leads to a negative impact on the stock price as it indicates potential financial instability or risk. Therefore, KeyCorp's stock is expected to face downward pressure in the short term.
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IMPORTANCE 80
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