Twitter’s Credit Rating Withdrawn by S&P on Lack of Information
- Rating firm said there was a ‘lack of sufficient information’
- Social media company has $13 billion in debt funded by banks
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Twitter Inc.’s credit grade was withdrawn by S&P Global Ratings, which said it lacked sufficient information to continue covering the Elon Musk-owned social media company.
The rating firm, which is among the top in the US, said the action was “due to a lack of sufficient information to maintain the rating” in a release on Friday. At the time of the withdrawal, both Twitter and its debt were on “CreditWatch,” suggesting an imminent rating action.