...February 9, 2026 CHICAGO (S&P Global Ratings) Feb. 9, 2026--S&P Global Ratings today assigned its `##+' issue- level rating to Alphabet Inc.'s proposed senior unsecured notes denominated in U.S. dollars, British pounds, and Swiss francs. The company intends to use the proceeds for general corporate purposes, including potentially for capital expenditure (capex) and acquisitions. 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 ($126.8 billion cash equivalents and marketable securities, $49.1 billion of debt as of Dec. 31, 2025). The company has additional capacity to increase net debt over $180 billion before it reaches our 1x S&P Global Ratings- adjusted net leverage downgrade threshold. Alphabet's fourth-quarter earnings were robust,...
