Carnival Becomes Latest Fallen Angel While Covid Halts Cruises

Carnival Becomes Latest Fallen Angel While Covid Halts Cruises

(Bloomberg) — Carnival Corp. is the latest cruise line to lose its investment-grade credit ratings after S&P Global Ratings downgraded the company Tuesday.S&P slashed the company’s long-term rating by three levels to BB-, from BBB-, saying the cruise line’s credit metrics are likely “to remain very

By Miki