S&P upgrades Uber's ($UBER) rating to investment-grade citing strong earnings growth.
📣 JUST IN: $UBER Uber Upgraded to Investment-Grade by S&P on Strong Earnings Growth $LYFT $CART $DASH $WMT 👉 Key Highlights: 📍 S&P Global Ratings upgrades Uber’s credit rating to BBB-, the lowest investment-grade level. 📍 Upgrade reflects Uber's consistent earnings… https://t.co/bqDDb6EkOH
S&P upgraded Uber’s credit ratings to investment-grade status on Friday https://t.co/BMDPd1Q3Nr

Uber Technologies Inc. has received an upgrade to its credit rating from S&P Global Ratings, elevating it to investment-grade status with a BBB- rating. This upgrade reflects Uber's consistent earnings growth, as highlighted in its recent earnings report. Analysts, including those from Bernstein, foresee significant growth for Uber's stock, citing the company's strong financial performance as a key factor. The upgrade marks a significant milestone for Uber, indicating increased confidence in its financial stability.