Twitter Inc Debt Assigned ‘Junk’ Rating By S&P, Stock Down

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Twitter Inc Debt Assigned ‘Junk’ Rating By S&P, Stock Down
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Twitter Inc (NYSE:TWTR)’s debt has been assigned “junk” status by the U.S. rating agency Standard & Poor. The micro-blogging firm is going forward with its acquisition strategy even when its earnings growth was slow, which triggered the low rating.

Twitter spends aggressively

The rating agency stated that the micro-blogging site issued debt worth $1.8 billion in September, and IOUs sold to investors in exchange for interest were worthy of a “speculat