Core Viewpoint - The downgrade in ratings will impact the cost of capital and may have broader implications for the entire economy [1] Group 1 - The Federal Reserve's Bostic indicated that a downgrade in ratings could lead to increased funding costs [1] - The potential rise in funding costs may affect various sectors across the economy [1] - The overall economic impact of such rating downgrades could be significant, influencing investment decisions and financial stability [1]

Group 1 - Goldman Sachs downgraded Starbucks rating to Neutral with a target price of $85, down from a previous Buy rating [1] - Starbucks reported quarterly earnings and revenue that fell short of expectations on April 29 [1]