CRM · News · 20261106N

Capital Return Program

Salesforce, Inc. · 2026-11-06 · Importance 64 · Surprise 42

S&P Global Ratings lowered Salesforce’s issuer credit rating from A+ to A, citing increased net debt from recent acquisitions and a $25 billion debt-funded stock repurchase program. The rating agency kept its outlook stable and expected Salesforce to maintain net leverage below 2.5 times. The report ties the downgrade to the company’s acquisition-related borrowing and capital return program.