Roblox’s Rapid Growth Earns Company Its First High-Grade Rating

Roblox Corp.’s efforts to win over new players has earned the popular video-game platform its first investment-grade rating, after S&P Global Ratings upgraded the firm.

The company’s issuer credit rating was raised to BBB-, the lowest high-grade level, from BB+, the highest junk grade, according to a statement from S&P. The ratings firm cited growth in Roblox’s user base and its gross bookings, as well as increasing free operating cash flow.