After deciding that it has a low view of Twitter’s ability to repay its debts, ratings agency Standard & Poor’s assigned the social-media company’s recent bond offering a “junk” rating on Thursday. That rating, BB-, is used by S&P for companies that look fine in the near-term, “but face major ongoing uncertainties to adverse business, financial, and economic conditions.” S&P believes the network won’t have positive cash flows until 2016.
Read it at CNN
