Meta's credit outlook revised to negative by S&P over AI spending and cash flow
The credit agency said the outlook reflects "uncertainty" about Meta's elevated capex and its negative free cash flow. Meta's credit rating was revised from AA- stable to AA- negative. Meta expects full-year capex of $135 billion to $145 billion.
NoteThe rating stays AA-, so this is an outlook change. Meta posted negative free cash flow of $2.12 billion.
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