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Moody’s gives Twitter notes Ba2
Moody's Investors Service said it assigned Twitter, Inc. a Ba2 corporate family rating, a Ba2-PD probability of default rating and a Ba2 rating to the proposed senior note offering.
The outlook is stable.
“Twitter's Ba2 rating reflects its growing niche position within social networking, benefiting advertisers through its reach and targeting capabilities, which has led to strong revenue growth and free cash flow generation,” Neil Begley, Moody's senior vice president, said in a news release.
“However, Twitter is small relative to its larger digital advertising and social networking competitors, and user engagement on social networks can be fickle.”
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