Sunday, August 07, 2011

Blackrock to S&P:


BlackRock Inc. (BLK), the world’s largest asset manager, issued a statement saying it has been preparing for the downgrade for a month and will not need to do any “forced selling of securities.” The OCC, which clears and settles all trades on U.S. options exchanges, said in a statement it has “no current plans” to adjust valuations for Treasuries used as collateral.

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