S&P turns negative on Meta as AI spending eats into its cash

S&P lowered the outlook on Meta’s AA- credit rating to negative from stable, citing heavy AI spending. It expects Meta’s leverage to rise above 1.0x as soon as 2027, from about 0.1x last year. Meta says it disagrees. S&P Global Ratings has cut its outlook on Meta’s AA- credit rating to negative from stable, warning […]
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