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Moody's downgrades Twitter's CFR and unsecured note ratings to B1 from Ba2
- mzs 4y ago>… The downgrade reflects Moody's expectation of a substantial increase in funded debt and reduction of cash balances at closing which will result in a material increase in leverage and weakening of other credit metrics. Governance is a major driver of this rating action. The credit ratings remain on review on downgrade. The SGL-1 rating has been withdrawn.