Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing - S&P Global Ratings’ Credit Research

Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing

Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing - S&P Global Ratings’ Credit Research
Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing
Published Apr 06, 2009
Published Apr 06, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 6, 2009, Standard&Poor's Ratings Services placed its ratings, including its 'BB+' corporate credit rating, on Santa Clara, Calif.-based Sun Microsystems Inc. on CreditWatch with developing implications indicating the possibility of an upward or downward rating movement. The CreditWatch listing follows widely disseminated press reports that Sun has been in negotiations with IBM (A+/Stable/A-1) and potentially others, to be acquired. Reportedly, the talks with IBM have broken off for now. If Sun ultimately agrees to merge with a higher rated entity, its' ratings could be raised. However, if Sun remains independent, our ratings could be lowered should the company choose to adopt shareholder friendly initiatives, such as a large share repurchase or a one-time dividend funded by

  
Report Type:

Research Update

Ticker
JAVA
Issuer
Sun Microsystems Inc.
GICS
Computer Hardware (45202010)
Sector
Collateralized Debt Obligations, Commercial MBS, Corporations, Global Issuers, High Technology, Structured Finance
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing" Apr 06, 2009. Alacra Store. Oct 21, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sun-Microsystems-Inc-BB-Corporate-Credit-Other-Ratings-On-CreditWatch-Developing-714148>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings On CreditWatch Developing Apr 06, 2009. New York, NY: Alacra Store. Retrieved Oct 21, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sun-Microsystems-Inc-BB-Corporate-Credit-Other-Ratings-On-CreditWatch-Developing-714148>
  
US$ 225.00
$  £  
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