S&P Global Ratings assigned an AA+ rating to Alphabet Inc.’s proposed senior unsecured notes. These notes are denominated in both euros and Canadian dollars.
Alphabet intends to use the proceeds for general corporate purposes. The funds may also be used to repay short-term debt.
S&P affirmed a stable outlook for Alphabet, citing its dominant position in online search and advertising. The agency also highlighted the company's expanding cloud infrastructure and substantial cash reserves.
Alphabet reported accelerating revenue growth in its search and cloud segments for the first quarter of 2026. These results indicate that AI infrastructure investments are successfully growing the company's core businesses.
Alphabet increased its 2026 capital expenditure plans to support its AI objectives. This spending will build out the company's technical infrastructure.