Summary: Sun Microsystems Inc. - S&P Global Ratings’ Credit Research

Summary: Sun Microsystems Inc.

Summary: Sun Microsystems Inc. - S&P Global Ratings’ Credit Research
Summary: Sun Microsystems Inc.
Published Dec 24, 2009
Published Dec 24, 2009
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Santa Clara, Calif.-based Sun Microsystems Inc. ratings remain on CreditWatch with positive implications. The CreditWatch followed 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. Standard&Poor's Ratings Services expects the transaction to close, pending regulatory approval. If Sun's rated debt remains outstanding, we will likely equalize the ratings with those for Oracle.

  
Report Type:

Summary

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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MLA:
S&P Global Ratings’ Credit Research. "Summary: Sun Microsystems Inc." Dec 24, 2009. Alacra Store. Oct 21, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sun-Microsystems-Inc-766341>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Sun Microsystems Inc. Dec 24, 2009. New York, NY: Alacra Store. Retrieved Oct 21, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sun-Microsystems-Inc-766341>
  
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