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Tesla debt edges close to investment-grade rating at S&P – MarketWatch

S&P Global Ratings on Thursday upgraded its rating on Tesla Inc. debt, leaving the companys measure of creditworthiness only two rungs away from the coveted investment-grade classification.S&P upped Teslas
TSLA,
+5.32%
bonds to BB, from BB-, with a positive outlook. Above it on S&Ps scale are BB+ and A3, the first rung of investment grade. Teslas mounting liquidity has substantially reduced its financial risk, the S&P analysts said.
Related: Teslas market cap zooms past $600 billion
Tesla recently…

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