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Carnival Corporation Downgraded to Junk Status

June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered by the COVID-19 pandemic. Standard & Poor’s cut its rating on the world’s biggest cruise operator’s secured bonds to ‘BB+’ from ‘BBB-‘, and its unsecured bonds to […]

WP_Post Object ( [ID] => 226107 [post_author] => 4 [post_date] => 2020-06-24 02:10:59 [post_date_gmt] => 2020-06-24 02:10:59 [post_content] => June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered by the COVID-19 pandemic. Standard & Poor’s cut its rating on the world’s biggest cruise operator’s secured bonds to ‘BB+’ from ‘BBB-‘, and its unsecured bonds to […] [post_title] => Carnival Corporation Downgraded to Junk Status [post_excerpt] => June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered by the COVID-19 pandemic. Standard & Poor’s c... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => carnival-corporation-downgraded-to-junk-status [to_ping] => [pinged] => [post_modified] => 2020-06-24 02:10:59 [post_modified_gmt] => 2020-06-24 02:10:59 [post_content_filtered] => [post_parent] => 0 [guid] => https://gcaptain.com/?p=140839 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )