From Earlier: S&P Global Upgraded Carvana Co. To 'CCC+' From 'D'
Portfolio Pulse from Bill Haddad
S&P Global has upgraded Carvana Co. from 'D' to 'CCC+'.
September 11, 2023 | 7:37 pm
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POSITIVE IMPACT
Carvana Co. has been upgraded by S&P Global from 'D' to 'CCC+'. This could potentially improve investor sentiment.
Credit ratings are a significant factor in investor sentiment. An upgrade from 'D' to 'CCC+' indicates a significant improvement in the company's creditworthiness, which could potentially lead to increased investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100