...NEW YORK (S&P Global Ratings) Aug. 2, 2016--S&P Global Ratings today assigned its '##' issue-level rating to Mountain View, Calif.-based global technology company Alphabet Inc.'s proposed senior unsecured notes. The company intends to use the proceeds from the proposed notes for general corporate purposes, including the repayment of outstanding commercial paper. Our '##' corporate credit rating and stable outlook on Alphabet remain unchanged. The corporate credit rating incorporates our assumption that Alphabet will maintain a minimal financial risk profile assessment and exceptional liquidity, with its cash and marketable securities of $78.5 billion and outstanding debt of about $4 billion as of June 30, 2016. The rating also reflects our view of the company's leading position in desktop and mobile search advertising, robust technology, intellectual and financial capital that allows the company to exploit new business opportunities and defend its position against new entrants and existing...
