Sun Microsystems Inc. Upgraded To 'A' Following Its Acquisition By Oracle - S&P Global Ratings’ Credit Research

Sun Microsystems Inc. Upgraded To 'A' Following Its Acquisition By Oracle

Sun Microsystems Inc. Upgraded To 'A' Following Its Acquisition By Oracle - S&P Global Ratings’ Credit Research
Sun Microsystems Inc. Upgraded To 'A' Following Its Acquisition By Oracle
Published Jan 28, 2010
Published Jan 28, 2010
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Abstract:

On Jan. 26, 2010, Oracle completed the acquisition of Sun Microsystems Inc. Sun Microsystems is now a wholly owned subsidiary of Oracle. We expect Sun's outstanding debt to be fully redeemed by Oracle. NEW YORK (Standard&Poor's) Jan. 28, 2010--Standard&Poor's Ratings Services said today it raised its corporate credit rating on Santa Clara, Calif.-based Sun Microsystems Inc. to 'A' from 'BB+'. We also withdrew the ratings from CreditWatch, where they had been placed with positive implications on April 20, 2009. The rating action and CreditWatch removal reflect the equalization of Sun's ratings with those of Oracle Corp. (A/Stable/A-1) following the completion of Sun's acquisition by Oracle. Following the redemption of Sun's outstanding debt issues, we will withdraw

  
Report Type:

Ratings Action

Ticker
JAVA
Issuer
Sun Microsystems Inc.
GICS
Computer Hardware (45202010)
Sector
Global Issuers, 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. Upgraded To 'A' Following Its Acquisition By Oracle" Jan 28, 2010. Alacra Store. Dec 13, 2017. <http://www.alacrastore.com/s-and-p-credit-research/Sun-Microsystems-Inc-Upgraded-To-A-Following-Its-Acquisition-By-Oracle-771807>
  
APA:
S&P Global Ratings’ Credit Research. (). Sun Microsystems Inc. Upgraded To 'A' Following Its Acquisition By Oracle Jan 28, 2010. New York, NY: Alacra Store. Retrieved Dec 13, 2017 from <http://www.alacrastore.com/s-and-p-credit-research/Sun-Microsystems-Inc-Upgraded-To-A-Following-Its-Acquisition-By-Oracle-771807>
  
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