Twitter Given ‘Junk’ Rating by S&P

Back in September Twitter raised $1.8 billion in a convertible note offering that exceeded expectations after higher than anticipated demand.

Impressive stuff. However, that debt has now been scored as “junk” status by U.S. ratings agency Standard & Poor’s, who valued Twitter as below investment grade.

AAA is the highest score that can be achieved, and S&P assigned a BB- rating to Twitter, which is considered “speculative”. Meaning, anyone who bought or buys the debt from Twitter is taking a considerable risk, at least in the eyes of Standard & Poor’s.

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