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Investing.com -- S&P Global Ratings has upgraded Roblox Corp. to investment grade, raising its issuer credit rating to ’BBB-’ from ’BB+’ as the company continues to show strong growth across its platform.
The rating agency also upgraded Roblox’s unsecured debt to ’BBB-’ from ’BB+’.
S&P cited robust gross bookings and increasing free operating cash flow (FOCF) as key factors behind the upgrade, noting that these positive trends are expected to continue.
The outlook remains positive, reflecting S&P’s expectation that Roblox will maintain its strong user growth, engagement levels, and increasing monetization. These factors are anticipated to drive continued growth in gross bookings and free operating cash flow.
S&P also highlighted Roblox’s conservative financial policy and strong balance sheet, which maintains a net cash position, as additional factors supporting the positive outlook.
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