Fitch gives Tesla its first-ever BBB investment-grade credit rating. Fitch highlighted Tesla’s EV leadership, strong profitability, $43.5B in cash and investments, and “unmatched” vertical integration as it expands into AI, Robotaxi and Optimus. This is huge. 🔥

Fitch affirms Indonesia Investment Authority at ‘BBB’; outlook negative Fitch Ratings has affirmed the Indonesia Investment Authority’s rating at ‘BBB’, while maintaining a negative outlook. The rating action keeps the sovereign wealth fund’s credit profile under review, with the negative outlook indicating potential downside risks to the rating.

ORCL CDS just hit a new record wide, as its 2056 bonds (Baa2/BBB-) yield 8% for the first time ever, and wide of B2/B average (7.5%). When ORCL is junked, $120BN bonds will get kicked out of IG indexes

All these stocks hit new 52 WEEK HIGHS at some point today Meta Platforms $META AMD $AMD CrowdStrike $CRWD Cloudflare $NET SentinelOne $S Okta $OKTA Everpure $P Dynatrace $DT Fortinet $FTNT Hewlett Packard $HPE Illumina $ILMN Agilent $A Mettler-Toledo $MTD Natera $NTRA Repligen $RGEN BBB Foods $TBBB Thermo Fisher $TMO Twilio $TWLO Twist Bioscience $TWST 10x Genomics $TXG VEON $VEON Waters $WAT Xometry $XMTR

From Barron's All Root Barron’s “Tesla investors recently got some good news from Fitch. The bond rating firm assigned the electric-vehicle maker an investment-grade BBB rating on Monday evening. It was Fitch’s first rating, and signifies “good credit quality” with a low chance of default. “Tesla’s ratings reflect the company’s strong market position as a global leader in battery electric vehicles (BEVs) and its focus on transitioning into a physical AI company,” the report reads. Fitch expects that the BEV business will remain strong, but significant AI investments will lead to more debt down the road, which is why the rating might not be higher. ”