Difference between Catastrophic and Ruinous

Catastrophic

Part of speech: adjective

Definition: Of or pertaining to a catastrophe. Disastrous; ruinous.

Example sentence: If investors avoid the Treasury market, we could be unable to pay off maturing securities, which would mean an immediate default. Market participants generally agree that even a brief default would create potentially catastrophic risks to the financial system, like the meltdown of 2008.

Ruinous

Part of speech: adjective

Definition: causing ruin; destructive, calamitous