S&P turns negative on Meta as AI spending eats into its cash
S&P Global Ratings lowered the outlook on Meta's AA- credit rating from stable to negative. The agency expects Meta's leverage to increase significantly by 2027, though Meta disagrees with this assessment.
Key points
- Meta's AA- credit rating outlook moved to negative
- S&P cites heavy AI spending as the primary cause
- Leverage is expected to rise above 1.0x by 2027
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