Jul. 4 at 11:48 AM
$KD
Fitch Ratings has affirmed Kyndryl Holdings, Inc.'s Long-Term Issuer Default Rating at 'BBB' and removed it from Rating Watch Negative (RWN).
The Ratings Outlook is Stable. Fitch has also affirmed all issue-level ratings at 'BBB.'
The affirmation reflects Kyndryl's conservative balance sheet, with EBITDA leverage of 1.5x as of March 31, 2026, improving profitability and steady free cash flow generation. Fitch has removed the RWN because the company's 10-K filing on May 29, 2026, provides sufficient information to support resolving the Rating Watch without negative rating action in the near term. Fitch does not expect Kyndryl to restate its financials and believes the ongoing accounting investigation will be resolved without material changes to the company's credit profile.
Link: Fitch Affirms Kyndryl at 'BBB'; Removes Rating Watch Negative; Outlook Stable | MarketScreener https://share.google/PgEqm0salDxlV6E3v