S&P gives Twitter debt 'junk' rating

GMT 21:08 2014 Thursday ,13 November

Arab Today, arab today S&P gives Twitter debt 'junk' rating

Twitter account on a smartphone
New York - AFP

Standard & Poor's gave Twitter's recent $1.8 billion debt issue a "speculative" or "junk" rating of BB- on Thursday, weighing the company's push for acquisitions against likely slow growth in earnings.
"The company is investing very aggressively in growth. Depending on the level of business reinvestment, Twitter may not generate positive discretionary cash flow until 2016," S&P said of the rating.


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