Snap Inc (NYSE:SNAP) is among the best Robinhood stocks under $20 to buy now.
Analysts see more than 30% upside potential in Snap shares from the current level
Photo by Thought Catalog on Unsplash On May 27, S&P Global Ratings upgraded its credit rating on Snap Inc (NYSE:SNAP). It raised the company’s issuer credit rating to BB- from B+. The firm also reviewed its issue-level ratings on Snap’s unsecured notes, upgrading the rating to BB- from B+.
It has a positive outlook on the notes. For the ratings upgrade, S&P Global Ratings cited the company’s lower leverage amid improved operating and financial performance. Regarding leverage, the firm’s adjusted gross leverage for Snap dropped to around 4.7x for the 12 months through March 2026, from 6.7x a year ago.