https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3473445
I guess Wall Street didn't care for the Clown's pep rally today. This is why you pay your bills.
11 replies (most recent on top)
Hey "get the last word in" guy is back. 🤡
2035!!! ??? Try 2026!!! Won’t exist…??
oh please …. They are toast already.
Everyone is still in denial, that’s the issue. Nothing more…. This is all rhetoric and game playing. Totally so. There is no point having anything to do with this company anymore. End of story. Fin.
Probably because Xerox won't exist in 2035.
https://bondblox.com/news/xerox-downgraded-to-ccc-by-s-bonds-lose-half-their-value-in-2025
This chart is brutal. The 2035 bonds are at .30 on the dollar?!
It got downgraded three weeks ago too. XRX has had 3 different credit ratings from S&P over the last month.
Hmmm, Argentina and xerox have the same credit rating. That tracks.
https://m.youtube.com/watch?v=FsxJfcFVnpo
😬📉🍆😫💩🫄
Bad news rising
Dropping out of the B's is actually really bad: the C's is a really bad neighborhood. The Bonds are now too junky for most of the junk bond funds. Also, the stock index funds (a lot of them) are prohibited to hold equities that are this junky. As for pensions and large endowments, they absolutely can't hold these as they are garbage. Sad...
In case you need a frame of reference what CCC+ means:
https://wolfstreet.com/credit-rating-scales-by-moodys-sp-and-fitch/
This is the 2nd downgrade in the last 3 weeks:
https://www.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/3457560