No observable influence in my experience. This seems to be a
popular topic in this forum.
Quote:
Originally Posted by bobchrist
It should have some minor effect in SERPs because if you loss PR means you're also losing quality backlinks so it may effect your ranking in google. 
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If PageRank were actually representative of the quality or number of backlinks a site has, I would agree. Lately this does not seem to be the case at all.