Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications - S&P Global Ratings’ Credit Research

Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications

Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications - S&P Global Ratings’ Credit Research
Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications
Published Apr 06, 2009
Published Apr 06, 2009
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Abstract:

NEW YORK (Standard&Poor's) April 6, 2009--Standard&Poor's Ratings Services said today that it 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," said Standard&Poor's credit analyst Philip Schrank. 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

  
Report Type:

Ratings Action

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. "Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications" Apr 06, 2009. Alacra Store. May 24, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Sun-Microsystems-Inc-Ratings-On-CreditWatch-With-Developing-Implications-714147>
  
APA:
S&P Global Ratings’ Credit Research. (). Sun Microsystems Inc. Ratings On CreditWatch With Developing Implications Apr 06, 2009. New York, NY: Alacra Store. Retrieved May 24, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Sun-Microsystems-Inc-Ratings-On-CreditWatch-With-Developing-Implications-714147>
  
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