The Impact of Credit Ratings on Businesses: A Case Study of Casino’s Downgrade by Moody’s

about the impact of credit ratings on businesses. On Friday, the shares of French retailer Casino took a significant hit, dropping by 16%, after Moody’s cut its long-term debt rating. Moody’s announced this downgrade due to concerns over Casino’s ability to tackle its debt levels, which have increased significantly in recent years. As one of … Read more