Janus Capital Junked

Rabid downgrader of everything leveraged, S&P, just woodshedded Denver mutual fund Janus Capital, downgrading its rating from BBB- to BB+ , resulting in its stock plunging to a new all time low. The downgrade will only make refinancing the company's over $1 billion in debt all that more interesting. At least current and soon to be former employees have full access to the Denver club scene, cheap rents and local ski slopes.