America’s largest crypto exchange Coinbase came under pressure as credit ratings agency Moody’s downgraded the company’s Corporate Family Rating (CFR) to Ba3 from Ba2 and its guaranteed senior u...
Tag: Moodys
Moody’s downgrades Coinbase due to bear market: Warns it may not be the last
Moody’s said further downgrades could follow if Coinbase doesn’t diversify from its current revenue model or it’s unable to turn a profit even in a prolonged bear market. Credit ratings agency Moody’s...
Moody’s Downgrades Coinbase Amid Prolonged Bear Market
Credit rating business Moody’s Investors Service has downgraded the Corporate Family Rating (CFR) and guaranteed senior unsecured notes of crypto exchange Coinbase. Moody’s downgraded the exchange’s C...
Moody’s Downgrades Ukraine as Drawn Out War Raises Debt Risk
(Bloomberg) — Moody’s Investors Service cut Ukraine’s credit rating to the third-lowest level as a more drawn out war than expected increases risks around the nation’s debt sustainability. Most ...
Moody’s Warns Cryptocurrencies May Cause Financial Instability
Moody’s says that the adoption of cryptocurrencies comes with risks, including fragmentation of the payments system and financial instability. The agency also said that El Salvador could benefit from ...
Cryptocurrencies Won’t Save Russia From Dodging Sanctions, Moody’s Says
It has been argued that Russia may avoid Western sanctions for invading Ukraine by using cryptocurrencies. However, is it viable? The small scale of the cryptocurrency market restricts Russia’s capaci...
Activision Blizzard, Bilibili, Moody’s and more
Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that ...
Moody’s downgrades China property developer Shimao over debt troubles
Signage at the Intercontinental Shanghai Wonderland Hotel, developed by Shimao Group Holdings, in Shanghai, China, on Feb. 9, 2022. Qilai Shen | Bloomberg | Getty Images BEIJING — Moody’s downgr...
Tesla Inches Toward Blue-Chip Status via Moody’s Boost
(Bloomberg) — Moody’s Investors Service Inc.’s move to ramp up Tesla Inc.’s credit rating to the cusp of investment grade is bolstering expectations that the famous electric vehicle maker will s...
Bukele’s Bitcoin trade raises El Salvador’s sovereign credit risk: Moody’s
El Salvador’s historic embrace of Bitcoin (BTC) could have negative consequences on the country’s sovereign credit outlook, according to Moody’s Investors Service. Moody’s analyst Jaime Reusche told ...
Bitcoin Trades Raise El Salvador’s Risk Profile, Says Moody’s
Trading Bitcoin is only worsening El Salvador’s already weak sovereign credit outlook, according to Moody’s Investor Services. Trading Bitcoin “is quite risky, particularly for a government that has b...