Moody's Upgrades Bending Spoons to Ba3 Following Miro Acquisition

Key Facts

1Moody’s upgraded Bending Spoons' credit rating to Ba3 driven by the company's scale growth.

In a move reflecting the improving credit profile of growing software firms, Moody's has upgraded Bending Spoons' corporate credit rating to Ba3. The upgrade is primarily driven by the company's significant scale growth and expanded operational footprint. According to reports, this rating action follows a period of rapid expansion, most notably highlighted by the strategic acquisition of the software platform Miro.

The upgrade follows the company's $1.4 billion acquisition of Miro, a transaction that has substantially increased its market presence. While the Ba3 rating remains within the non-investment grade category, it signals improved financial stability and potentially lower future borrowing costs. Per market data, the rating reflects confidence in the company's ability to leverage its increased scale following major capital deployments.

Regarding market performance, BSP was priced at $36.17 (close September 22, 2026), having traded between a low of $35.6 and a high of $39.11 during that session. Investors are now watching the company's operational execution in a tighter credit environment, particularly following the Fed's decision on September 16, 2026, to raise interest rates to 4%, which remains a critical factor for non-investment grade technology issuers.