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    "headline": "S&P Downgrades Getty Images to CCC After Missed Interest Payment",
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    "prose": "Getty Images Holdings Inc., the parent entity, did not make the scheduled payment on its 14% and 9.75% senior unsecured notes as it evaluates balance sheet management initiatives. [^1]\n\nS&P Global Ratings downgraded Getty Images Inc. to CCC from CCC+ and placed all ratings on CreditWatch with negative implications after the company missed an interest payment on its senior unsecured notes on Thursday. [^2]\n\nPresident Donald Trump threatened to halt trade with every country that runs a surplus with the United States unless the Federal Reserve cuts interest rates. [^3]\n\nWall Street is packaging data center income into bonds, creating a market where investors are repaid from rent and service fees after expenses like electricity are covered. [^4]\n\nFitch Ratings maintained Qatar's sovereign credit rating at AA. [^5]\n\nFitch Ratings removed Qatar from its 'Rating Watch Negative' list on Friday. [^6]\n\nIf Getty Images fails to make its interest payments within the 30-day grace period, S&P would lower the issuer credit rating to SD and the affected issue-level ratings to D. [^7]\n\nS&P lowered the issue-level ratings on the senior secured debt to CCC+ from B- and the senior unsecured debt to CCC from CCC+. [^8]\n\nThe president does not set interest rates, and the central bank's Federal Open Market Committee does not set trade policy. [^9]\n\nTrump published a 183-word post on Truth Social stating 'LOWER THE RATE OR I'LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.' [^10]\n\nIn February, S&P assigned an A(sf) rating to Sabey Data Center Issuer's $475 million 2026-01 notes, backed by real estate and tenant lease payments. [^11]\n\nS&P affirmed the United States at AA+ with a stable outlook in June, one notch below the top. [^12]",
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