Moody’s Further Downgrades Coinbase Junk Bonds, Joining S&P

Mizuho Downgrades Crypto Exchange Coinbase to ‘Underperform,’ Cuts Price Target to $30

Coinbase’s corporate family rating (CFR), a long-term rating that reflects the relative likelihood of a default on a corporate family’s debt, was lowered from Ba3 to B2, which are both considered non-investment grades. Guaranteed senior unsecured notes were downgraded from B1 to Ba2, the company said.

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