Moody’s downgrades Coinbase due to bear market: Warns it may not be the last By Cointelegraph
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Moody’s downgrades Coinbase due to bear market: Warns it may not be the lastCredit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase (NASDAQ:), stating that both ratings have been placed under review for further downgrade.
The CFR, a rating assigned to reflect Moody’s opinion of a company’s ability to honor its financial obligations, was downgraded from Ba2 to Ba3, which is considered below non-investment grade.
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Moody’s downgrades Coinbase due to bear market: Warns it may not be the lastCredit ratings agency Moody’s has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase (NASDAQ:), stating that both ratings have been placed under review for further downgrade.
The CFR, a rating assigned to reflect Moody’s opinion of a company’s ability to honor its financial obligations, was downgraded from Ba2 to Ba3, which is considered below non-investment grade.
Continue Reading on Coin Telegraph
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