Carvana shares are trading higher after S&P Global upgraded its rating to 'CCC+' From 'D.'
Portfolio Pulse from Bill Haddad
Carvana's shares are trading higher following an upgrade in its rating from 'D' to 'CCC+' by S&P Global.
September 11, 2023 | 7:39 pm
News sentiment analysis
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POSITIVE IMPACT
Carvana's stock price is expected to rise in the short term due to the upgrade in its rating by S&P Global.
The upgrade in Carvana's rating by S&P Global is a positive signal to investors, indicating improved creditworthiness. This is likely to increase investor confidence and demand for the stock, leading to a rise in its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100