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Barchart
Barchart
Wajeeh Khan

Snap Stock Jumps on Credit Rating Upgrade. What to Know.

Snap (SNAP) received a credit rating upgrade from S&P Global Ratings this week, with its issuer credit rating moving to BB- from B+, accompanied by a positive outlook.

The upgrade also extended to the company’s unsecured notes, which were similarly raised to BB- from B+. Despite today’s surge, SNAP stock remains down about 34% versus its year-to-date high.

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