For those that missed it. Equifax has become the first company to have its credit rating downgraded, follow its 2017 cyber attack.

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For those that missed it. Equifax has become the first company to have its credit rating downgraded, follow its 2017 cyber attack. Charges to the balance sheet were cited as the main reason for the down grading.

This is a significant move. impacting many different aspects of financial life for Equifax. From the cost of credit through general trust and market confidence. Something which is difficult to rectify.

Expect there to be more casualties, as Moodies build cyber risk into their evaluation methodology.

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