Published 2 years ago

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

Summary by Ground News

Coinbase saw its long-term issuer credit rating downgraded from BB+ to BB status by rating agency S&P Global. The agency confirmed the downgrade in a note on Aug. 11, pointing toward Coinbase's weaker performance in the second quarter of 2022 as a driving factor. Intensified competitive risk in the cryptocurrency exchange sector was also highlighted.

0 Articles

All

Left

Center

Right

Cointelegraph

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

S&P Global downgraded Coinbase's credit rating after its Q2 financials, citing lower earnings, regulatory concerns and market conditions.

2 years ago

Read Full Article

Kitco NEWS

S&P Global downgrades Coinbase following its $1.1 billion net loss in Q2 2022

Coinbase has its credit rating downgraded from BB+ to BB status by S&P Global after the exchange posted a staggering $1.1 billion net loss in Q2.

2 years ago

Read Full Article

CryptoPanic

Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk

Coinbase’s recent quarterly report has led S&P Global Ratings to lower its long-term issuer credit rating to BB from BB+ with a negative outlook.

2 years ago

Read Full Article

CryptoSlate

Coinbase credit ratings lowered by S&P Global on 'weak earnings,' competitive risk

The rating agency said that "weak earnings" and competitive pressure on Coinbase have weakened its coverage ratios.

2 years ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.

Coverage Details

Total News Sources0

Leaning Left0Leaning Right0Center2Last Updated2 years agoBias Distribution

100% Center

Bias Distribution

100% of the sources are Center

100% Center

Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

Sources are mostly out of (0)

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

0 Articles

0 Articles

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

S&P Global downgrades Coinbase credit rating for weak Q2 earnings, competitive pressures

S&P Global downgrades Coinbase following its $1.1 billion net loss in Q2 2022

S&P Global downgrades Coinbase following its $1.1 billion net loss in Q2 2022

Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk

Coinbase credit ratings lowered by S&P Global on ‘weak earnings,’ competitive risk

Coinbase credit ratings lowered by S&P Global on 'weak earnings,' competitive risk

Coinbase credit ratings lowered by S&P Global on 'weak earnings,' competitive risk

Coverage Details

Bias Distribution

Ownership

Similar News Topics

Similar News Topics