Though La Cieca must say she can’t quite figure out whether the critic liked Gary Lehman‘s performance or not…

“. . . Lehman has navigated quite well to date through persistently volatile and challenging financial markets, the sharp market wide decline in valuations across numerous asset classes, tight global liquidity conditions, and the strong headwinds facing Lehman’s (and other securities firms’) core-earnings drivers . . . . However, these conditions have decreased the upward pressure on Lehman’s rating, and therefore a positive outlook is no longer warranted.”