Moody’s downgrades Coinbase as market sells off
Coinbase’s guaranteed senior unsecured notes were downgraded from Ba1 to Ba2. Bonds having a rating of Ba1 or lower are termed “junk”. The company has $2 billion in senior guaranteed notes maturing in 2028 and 2031. Moody’s Investors Services lowered Coinbase’s corporate debt on Thursday evening in New York, one week after the business announced … Read more