Carvana is on watch after S&P boosted its credit rating by a notch (NYSE:CVNA)

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Standard & Poor’s Global has upgraded Carvana’s credit rating to A+.NYSE: CVNA) to B- from CCC+. The rating agency noted that Carvana (CVNA) has continued to grow revenue and earnings. Standard & Poor’s sees these improvements as sustainable and enabling meaningful free earnings.

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