Business
Snap Inc. Receives Credit Rating Upgrade from S&P Global Ratings
SANTA MONICA, Calif., June 03, 2026--Snap Inc. (NYSE: SNAP) today announced that S&P Global Ratings has upgraded the company’s issuer credit rating to BB- from B+, with a positive outlook. S&P also upgraded its issue-level ratings on Snap’s unsecured notes to BB- from B+.
About this update from Snap Inc.
SANTA MONICA, Calif., June 03, 2026--(BUSINESS WIRE)--Snap Inc. (NYSE: SNAP) today announced that S&P Global Ratings has upgraded the company’s issuer credit rating to BB- from B+, with a positive outlook. S&P also upgraded its issue-level ratings on Snap’s unsecured notes to BB- from B+. In its report, S&P cited Snap’s improving operating and financial performance, including: S&P’s positive outlook reflects the potential for a higher rating over the next year if Snap successfully executes its cost savings initiatives and continues growing revenue, supporting further improvement in leverage. "This upgrade reflects the progress we are making to strengthen Snap’s financial profile while continuing to invest in our long-term growth opportunities," said Doug Hott, Chief Financial Officer of Snap Inc. "We remain focused on disciplined execution, durable revenue growth, and building a more efficient business that supports long-term value creation." Recent Snap highlights include: About Snap Inc. Snap Inc. is a technology company. We believe the camera presents the greatest opportunity to improve the way people live and communicate. We contribute to human progress by empowering people to express themselves, live in the moment, learn about the world, and have fun together. Snap Inc. operates Snapchat, a visual messaging app that enhances your relationships with friends, family, and the world, and Specs Inc., a wholly-owned subsidiary dedicated to making computing more human, in addition to Bitmoji, Saturn, and other digital services. For more information, visit snap.com. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts contained in this press release, including statements regarding Snap’s financial profile, cost savings initiatives, revenue growth, leverage, monetization opportunities, long-term growth opportunities, disciplined execution, business efficiency, investments in Specs, and long-term value creation. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "contemplate," "continue,&qu...