NEW YORK (S&P Global Ratings) Nov. 2, 2026--S&P Global Ratings today assigned its ‘AA+’ issue-level rating to Alphabet Inc. ’s proposed euro-denominated senior unsecured notes. The company intends to use proceeds for general corporate purposes, which may include repayment of outstanding debt. Our ‘AA+’ issuer credit rating and stable outlook on Alphabet are unchanged and continue to reflect 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. As of Sept. 30, 2026, Alphabet had $265.1 billion of cash equivalents and marketable securities and $127.5 billion of debt, excluding the proposed issuance. S&P Global Ratings-adjusted leverage as of Sept. 30 was 0x,
