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1 day agoEA's Saudi Deal Fallout: Junk Ratings, Risky AI Bets, And Developer Fears
Earlier this week, Bloomberg reported that S&P Global Ratings plans to lower EA's credit rating to "junk status" once the leveraged buyout deal is completed sometime next year. It's currently "BBB+" but would fall into the "non-investment grade" or "speculative" territory once saddled with the $20 billion loan required to pay off all of the Battlefield 6 publisher's existing shareholders at a 25-percent premium. Moody's Ratings announced it is planning a similar reappraisal.
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