RCMECredit materiality pre-analysisIncludes illustrative values
Analytical aid.Not a rating or rating recommendation. Public data only.

AI infrastructure surveillance · analysis completed 2026-10-20 18:49:10 UTC

CoreWeave

CIK 0001769628 · status review needed · overall tier elevated. Composite 3.8 of 5 at or above 3.5; at or past S&P's stated ffo to debt level of 12% on the as-reported proxy (S&P adjustments not applied) basis.

Composite3.8/5 · Elevated
Score breakdownRisk profileEvidence: AI infra watchAudit trail

FFO to debt (%, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

20%12%S&P stated level 12%2024-12-31: 12.5%2025-12-31: 7.2%24-0924-1225-0325-0625-0925-1226-0326-0621.3%5.9%

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)

Debt to EBITDA (x, TTM)

S&P Corporate Methodology Table 17 band boundaries shown as horizontal lines.

2024-12-31: 6.7x2025-03-31: 5.8x2025-06-30: 6x2025-09-30: 6.5x2025-12-31: 8.9x2026-03-31: 8.3x2026-06-30: 9.5x24-0924-1225-0325-0625-0925-1226-0326-069.8x5.4x

Source: SEC XBRL company facts; TTM through each quarter end, as-reported proxy (S&P adjustments not applied). derived (TTM through this quarter end, as-reported proxy)