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# Gibson’s Credit Downgraded, Bankruptcy Predicted
- URL: https://www.hypebot.com/gibsons-credit-downgraded-bankruptcy-predicted/
- Published: 2018-03-08T09:29:20.000Z
- Updated: 2018-03-08T09:29:20.000Z
- Description: Gibson Guitars and its related music companies got more bad news last week as top credit agency Standard & Poor's downgraded the companies already poor credit rating, making it even. Continue reading [https://www.hypebot.com/hypebot/2018/03/gibsons-credit-downgraded-bankruptcy-predicted.html]
- Author: Bruce Houghton
- Tags: DIY Advice & Tips, Music Business, Music Tech, DIY, DIY musicians, Gibson, guitars, indie, music, music industry, musician, musicians, #wp, #wp-post, #Import 2026-01-21 10:05

[![Gibson_logo](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e0bfee970c-200wi "Gibson_logo")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d2e0bfee970c-popup?ref=hypebot.com)Gibson Guitars and its related music companies got more bad news last week as top credit agency Standard & Poor's downgraded the companies already poor credit rating, making it even harder for the troubled company to find the money to continue.

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[![image from www.publico.es](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09f9bd05970d-450wi "image from www.publico.es")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201bb09f9bd05970d-popup?ref=hypebot.com)

Standard & Poor's credit rating service is predicting that Gibson is headed towards bankruptcy.

“With multiple maturities looming and operating weakness ongoing, we believe Nashville-based Gibson Brands could default on its debt obligations over the next six months,” Standard & Poor’s said in a memo to clients. “We are lowering our corporate credit rating to ‘CCC-’ from ‘CCC’.”

Gibson has $145 million in outstanding bank loans that come due on July 23 and another $377 million in secured notes maturing on August 1.