Carnival's Junk Credit Rating Could Become Even Junkier
The credit rating on cruise ship operator Carnival (NYSE: CCL)(NYSE: CUK) is already considered junk, but after a new review by ratings agency Moody's, it could fall even further into junk territory.
Moody's Investors Service put the cruise line on "review for downgrade" depending upon when Carnival returns to service, if its operations ramp up "in a meaningful way" this year, and how it impacts its liquidity.
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Source Fool.com
