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by colburnmh 1492 days ago
Block/Square: BB

Twitter: Ba2

Telsa: A-AAA depending on the debt type

However, Telsa and Twitter are likely to have credit impacts if Musk acquires Twitter because of the structure of the deal. Musk is using $62 BN of Tesla stock to finance the Twitter buyout, which increases Telsa's debt leverage, and will introduce $13 BN of new debt for Twitter. Both companies could see a drop in credit ratings, at least temporarily.

But the market is fickle, and Musk is unpredictable, so...

Sources:

https://www.fitchratings.com/entity/square-inc-97197931

https://www.marketwatch.com/story/twitter-credit-faces-a-mul...

https://www.fitchratings.com/search?query=tesla