Downgrade doom looms for coronavirus-hit firms and markets

LONDON/NEW YORK (Reuters) - A wave of credit rating downgrades in the corporate sector risks deepening a funding crisis for company bosses and spreading it to other markets.The coronavirus' sucker punch to the global economy has prompted Moody's rating agency to review its corporate ratings, the agency told Reuters this week, with a slew of downgrades or downgrade warnings on the cards.A credit rating cut is a blow for a company in any circumstance, making it more expensive to raise fresh debt..