Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 336.23
EUR / KZT - 360.30
CNY / KZT - 48.86
RUB / KZT - 5.28

S&P gives Twitter debt 'junk' rating

14 november 2014, 13:31
0
©AFP
©AFP

 Standard & Poor's gave Twitter's recent $1.8 billion debt issue a "speculative" rating of BB- on Thursday, weighing the company's push for acquisitions against likely slow growth in earnings, AFP reports.

S&P said the rating, roughly in the middle of the speculative or "junk" range, acknowledges expectations of healthy user and income growth at the popular online micro-messaging and social networking service.

S&P said it expects Twitter "will continue to experience very strong growth and not encounter a significant increase in competitive pressure."

"We expect the company to experience very high growth over the next two to three years as it expands internationally and grows revenue as well," said S&P.

But it pointed to the company's plans for expansion through investment and takeovers, noting the funds from its September convertible debt issue in part are to be used for acquisitions.

"The company is investing very aggressively in growth. Depending on the level of business reinvestment, Twitter may not generate positive discretionary cash flow until 2016," S&P said.

Created in 2006, Twitter has grown rapidly and went public in September 2013.

The company recently said it has 264 million regular users and another 500 million who do not sign in to visit the site.

On Wednesday it unveiled new changes and services to enhance its attractiveness to users and the advertisers who pursue them.


Нравится
Add comment
Most Read
Most Discussed