The Guitologist | 5 years ago

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In this video, we'll discuss the breaking news of Moody's downgrading Guitar Center to Caa2 status from Caa1, which puts them even further into junk bond, subprime investment territory. We'll talk about what affect this will have on the guitar market if GC goes bankrupt when its debts come due in 2021, and we'll also talk about what effect the CORONAVIRUS is having on the current guitar market in this special Wednesday news edition.
Moody's Article: https://www.moodys.com/research/Moodys-downgrades-Guitar-Centers-CFR-to-Caa2-outlook-negative--PR_418689
Viral Article: https://tinyurl.com/wkhveaz
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