Moody's Affirms Coinbase (Corporate Family B2, Senior Debt B1); Outlook Changed To Negative From Stable
Portfolio Pulse from Happy Mohamed
Moody's has affirmed Coinbase's Corporate Family B2 and Senior Debt B1 ratings but changed the outlook to negative from stable.
June 08, 2023 | 8:22 pm
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NEGATIVE IMPACT
Coinbase's outlook has been changed to negative from stable by Moody's, potentially affecting investor sentiment.
Moody's decision to change Coinbase's outlook to negative from stable may lead to increased uncertainty among investors and could negatively impact the stock price in the short term. The affirmation of the Corporate Family B2 and Senior Debt B1 ratings, however, indicates that the company's overall creditworthiness remains unchanged.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100