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Big Traffic Author of this article: Yingwei Caiqing 2020-06-24
S&P says Carnival's credit metrics "will remain very weak through at least the end of 2021"。
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Carnival Cruise Line (NYSE:CCL) becomes latest cruise line to lose investment-grade credit rating。Previously,S&P Global Ratings downgraded the company's credit rating。

S&P lowered Carnival’s long-term rating by three notches from BBB- to BB-,Said the cruise line's credit metrics "will remain very weak until at least the end of 2021"。

The downgrade means Carnival now has 188bet sports betting app download the second-highest high-yield credit rating,Left 188bet Online Sports Betting and Casino investment grade credit rating。

S&P said,As the cruise line plans to resume normal operations in phases,Therefore its recovery will be significantly slower in 2021。Also,The agency expects it will be several more months before Carnival can resume service on all cruise ships。

In May,Moody's Investors Service has downgraded the company to junk status。In a statement on Tuesday,Moody's downgrades Carnival's unsecured credit rating by one notch to the second-highest junk rating, Ba2;Rated the company's planned term loan as Baa3,is the lowest investment grade rating。

Tuesday,Carnival Cruise Line closed up 4.47%,Report 18.USD 00;After hours,The stock fell by 2.17%。

188bet app download Original title:Downgraded by S&P Global,Carnival Cruise Line loses 188bet Online Sports Betting and Casino investment grade credit rating》.


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