‘A Lot of Leeway’: SpaceX’s High-Grade Debt Brings Out Skeptics
🤖 D.R.A.F.T. Summary
When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.
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