Kraft Heinz Co., the company that makes Kool-Aid and Velveeta, saw its bonds lose their investment-grade status and fall into “junk” territory after two credit ratings firms on Friday downgraded the debt. The moves by Fitch Ratings and S&P Global Ratings turned Kraft’s debt into a “fallen angel,” a term …
Read More »Market Extra: Kraft Heinz bonds fall into ‘junk’ territory after downgrades
