S&P withdraws Twitter's credit rating due to lack of sufficient information

Twitter's massive about $13 billion debt load was funded directly by banks led by Morgan Stanley when Musk's $44 billion acquisition of the social media giant closed

Twitter Inc.’s credit grade was withdrawn by S&P Global Ratings, which said it lacked sufficient information to continue covering the Elon Musk-owned social media company.
 

The rating firm, which is among the top in the US, said the action was “due to a lack of sufficient information to maintain the rating” in a release on Friday. At the time of the withdrawal, both Twitter and its debt were on “CreditWatch,” suggesting an imminent rating action. 

Twitter’s massive about $13 billion debt load was funded directly by banks led by Morgan Stanley when Musk’s $44 billion acquisition of the social media giant