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At Close: Jul 31, 2026

Carnival Corporation Downgraded to Junk Status

02:10am, Wednesday, 24'th Jun 2020
June 23 (Reuters) – Ratings agency Standard & Poor’s on Tuesday downgraded bonds of Carnival Corp to junk status, forecasting continued weak demand for the cruise industry hammered …
The divergence between the yuan and dollar bond pace of defaults shows how hard it is for Chinese firms to borrow cheaply or get away with debt compromises in a global market.
Oman’s sovereign rating was cut for a second time this year by Moody’s Investors Service as a lower crude price environment will likely slash the Gulf nation’s oil revenue.
Canada’s national government is on track to post its largest deficit on record in the 2020-2021 fiscal year.
Surging dollar bond defaults by Chinese companies highlight the increasing pressure the nation’s firms are facing as the economy slows.
(Corrects to "Standard & Poor's" from "Standard & Poor" in first and second paragraphs)

Treasurer toasts retained AAA credit score

10:00pm, Tuesday, 23'rd Jun 2020
Treasurer Josh Frydenberg has played up the federal government's economic efforts after a global ratings agency reaffirmed Australia's top ranking.
Carnival Corp. is the latest cruise line to lose its investment-grade credit ratings after S&P Global Ratings downgraded the company Tuesday.
Australia is one of 10 countries to retain its AAA credit rating through the coronavirus-induced global recession, after Moody's maintained its stable outlook.
While forming higher highs and lows, the index made an indecisive Doji, as the opening and closing levels of the index were almost the same.
German payment service provider Wirecard said on Monday that it has concluded that €1.9 billion (US$2.1 billion) that was supposed to be held in two accounts probably does not exist, deepening troub
From Donald Trump blocking H-1B visa for certain foreign workers, Moody's lowering India GDP forecast to Maruti launching new BS-VI S-Presso, here are top news of the day
Moody’s Downgrades Oman for a Second Time in 2020 as Oil Dips
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