Percentage of single-B minus tech loans hits highest point in four years, says S&P
The percentage of single-B minus rated loans from technology issuers has reached the highest point in the last four years, according to S&P Global Ratings.
In 2019, a little less than 30% of tech companies were rated B-minus, according to a report from the rating agency published this month. Negative rating actions, which include changes in outlook as well as ratings downgrades, have particularly impacted the hardware subsector, while software, despite three downgrades, ...
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