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

Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings Revised To CreditWatch Positive From Developing

Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings Revised To CreditWatch Positive From Developing - S&P Global Ratings’ Credit Research
Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings Revised To CreditWatch Positive From Developing
Published Apr 20, 2009
Published Apr 20, 2009
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 20, 2009, Standard&Poor's Ratings Services revised its CreditWatch listing, including that for its 'BB+' corporate credit rating, on Santa Clara, Calif.-based Sun Microsystems Inc. to CreditWatch with positive implications from CreditWatch with developing implications. The CreditWatch revision follows the announced $7.4 billion acquisition of Sun by Redwood Shores, Calif.-based Oracle Corp. (A/Stable/A-1). Net of Sun's cash and debt, the transaction is valued at $5.6 billion. The transaction is expected to close this summer, pending regulatory approval. If Sun's rated debt remains outstanding, we will likely equalize the ratings with those for Oracle. Ratings Affirmed; CreditWatch/Outlook Action To From Sun Microsystems Inc. Corporate Credit Rating BB+/Watch Pos/-- BB+/Watch Dev/-- Ratings Affirmed; CreditWatch/Outlook Action To From Sun Microsystems

  
Report Type:

Research Update

Ticker
JAVA
Issuer
Oracle America Inc.
GICS
Computer Hardware (45202010)
Sector
Global Issuers, Public Finance, 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 Revised To CreditWatch Positive From Developing" Apr 20, 2009. Alacra Store. Dec 12, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sun-Microsystems-Inc-BB-Corporate-Credit-Other-Ratings-Revised-To-CreditWatch-Positive-From-Developing-716598>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Sun Microsystems Inc. 'BB+' Corporate Credit, Other Ratings Revised To CreditWatch Positive From Developing Apr 20, 2009. New York, NY: Alacra Store. Retrieved Dec 12, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sun-Microsystems-Inc-BB-Corporate-Credit-Other-Ratings-Revised-To-CreditWatch-Positive-From-Developing-716598>
  
US$ 225.00
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