Coinbase initiated at junk levels by Moody’s, citing ‘uncertain regulatory environment and fierce competition’ in crypto
September 14, 2021 at 13:08 PM EDT
Moody’s Investors Service initiate a debt-issuer rating of Coinbase Global Inc. at noninvestment grade, or junk, citing an “uncertain regulatory environment and fierce competition” as a key reason for not rating the crypto exchange an investment grade debt issuer.
