...April 28, 2025 CHICAGO (S&P Global Ratings) April 28, 2025--S&P Global Ratings today assigned its '##+' issue- level rating to Mountain View, Calif.-based global technology company Alphabet Inc.'s proposed senior unsecured notes. The company intends to use the proceeds from these notes for general corporate purposes. Our '##+' issuer credit rating on Alphabet reflects its strong position in the online search and video advertising markets, expanding position as a cloud infrastructure provider, strong technological talent, excellent operational track record, and financial flexibility ($95.3 billion of cash equivalents and $14 billion of debt as of March 31, 2025). The company would have to increase its net debt by over $200 billion before it would reach our 1x S&P Global Ratings- adjusted net leverage downgrade threshold. Alphabet continues to face ongoing cases by the U.S. Department of Justice (DOJ) and several states with respect to search/digital advertising, Android, Chrome, and the...
