NEW YORK (Standard&Poor's) April 26, 2016--Standard&Poor's Ratings Services today assigned its 'AA' issue rating (the same as the corporate credit rating) to Mountain View, Calif.-based global technology company Alphabet Inc.'s senior unsecured notes due 2021 and senior unsecured notes due 2024. Alphabet will issue the senior unsecured notes in exchange for the senior unsecured notes at Google Inc., the fully owned subsidiary of Alphabet, of the same tenor and coupon and in principal amounts equal to the principal amounts of the Google Inc. notes tendered into the exchange offers. Alphabet's liquidity is exceptional, with cash and marketable securities totaling about $75.3 billion as of March 31, 2016, of which about $30 billion was held domestically. We
