---
title: 😨 A shocking chart shared by Mike Zaccardi, CFA, CMT, MBA on X
description: "➡️ Credit markets are currently pricing 6 notches of downgrades for US sovereign credit rating ‼️ \n\"Using credit default swaps pricing as an input, S&P Global's Capital IQ model puts the U.S. sovereign credit rating 6 notches lower than its current grade - all the way down to BBB+ - barely clinging to investment grade status, never mind AAA.\" \nSource: @dailychartbook, Mike Dolan - Reuter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [😨 A shocking chart shared by Mike Zaccardi, CFA, CMT, MBA on X](https://blog.syzgroup.com/syz-the-moment/how-losses-compound-0-0-0-0-0-0-0)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | May 21, 2025, 1:17:24 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/how-losses-compound-0-0-0-0-0-0-0)

```json
{
  "@context" : "http://schema.org",
  "@type" : "BlogPosting",
  "author" : {
    "@type" : "Person",
    "name" : "Charles-Henry Monchau, CFA, CMT, CAIA"
  },
  "dateModified" : "2025-05-21T13:17:24.115Z",
  "datePublished" : "2025-05-21T13:17:24Z",
  "headline" : "😨 A shocking chart shared by Mike Zaccardi, CFA, CMT, MBA on X",
  "image" : {
    "@type" : "ImageObject",
    "height" : 521,
    "url" : "https://25733253.fs1.hubspotusercontent-eu1.net/hubfs/25733253/1747800105385.jpg",
    "width" : 674
  },
  "mainEntityOfPage" : "https://blog.syzgroup.com/syz-the-moment/how-losses-compound-0-0-0-0-0-0-0",
  "publisher" : {
    "@type" : "Organization",
    "logo" : {
      "@type" : "ImageObject",
      "height" : 60,
      "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png",
      "width" : 60
    },
    "name" : "Syz The Moment"
  }
}
```