...November 3, 2025 CHICAGO (S&P Global Ratings) Nov. 3, 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 denominated in U.S. dollars and euros. The company intends to use the proceeds for general corporate purposes. Our `##+' issuer credit rating and stable outlook on Alphabet are unchanged, reflecting 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 ($98.5 billion cash equivalents and marketable securities, $22 billion of debt as of Sept. 30, 2025). The company has additional capacity to increase net debt over $200 billion before it would reach our 1x S&P Global Ratings-adjusted net leverage downgrade threshold. The stable outlook reflects our expectation that Alphabet will sustain its leadership position...
