When Moody’s Ratings first evaluated Nvidia Corp. almost a decade ago, it settled on a Baa1 investment-grade rating, taking comfort in its relatively light debt load and more than $1 billion of free cash flow after 16 years as a public company.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-23/-a-lot-of-leeway-spacex-s-high-grade-debt-brings-out-skeptics)