Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results - S&P Global Ratings’ Credit Research

Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results

Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results - S&P Global Ratings’ Credit Research
Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results
Published Feb 13, 2008
2 pages (943 words) — Published Feb 13, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

NEW YORK (Standard&Poor's) Feb. 13, 2008--Standard&Poor's Ratings Services said today it placed its ratings on Seattle, Wash.-based Amazon.com (Amazon) on CreditWatch with positive implications. This action reflects the strong results for fourth-quarter 2007 and the announcement of authorization to repurchase all of the outstanding 4.75% convertible subordinated notes and 6.875% PEACS. The outstanding principal amount was $899 million on the convertible subordinated notes and €240 million on the PEACS. Completion of this authorization would result in a substantial deleveraging of Amazon's balance sheet. "We will continue to monitor the ratings as additional information becomes available," said Standard&Poor's credit analyst David Kuntz.

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) Feb. 13, 2008--Standard & Poor's Ratings Services said today it placed its ratings on Seattle, Wash.-based Amazon.com (Amazon) on CreditWatch with positive implications. This action reflects the strong results for fourth-quarter 2007 and the announcement of authorization to repurchase all of the outstanding 4.75% convertible subordinated notes and 6.875% PEACS. The outstanding principal amount was $899 million on the convertible subordinated notes and 240 million on the PEACS. Completion of this authorization would result in a substantial deleveraging of Amazon's balance sheet. "We will continue to monitor the ratings as additional information becomes available," said Standard & Poor's credit analyst David Kuntz. A Japanese-language version of this media release is available on Standard & Poor's Research Online at www.researchonline.jp, or via CreditWire Japan on Bloomberg Professional at SPCJ

  
Report Type:

Ratings Action

Ticker
AMZN
Issuer
Amazon.com Inc.
GICS
Internet Retail (25502020)
Sector
Global Issuers
Country
United States
Region
United States
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. "Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results" Feb 13, 2008. Alacra Store. May 07, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Amazon-com-BB-Corporate-Credit-Rating-On-Watch-Pos-Based-On-Strong-Q4-Results-1388361>
  
APA:
S&P Global Ratings’ Credit Research. (). Amazon.com 'BB' Corporate Credit Rating On Watch Pos Based On Strong Q4 Results Feb 13, 2008. New York, NY: Alacra Store. Retrieved May 07, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Amazon-com-BB-Corporate-Credit-Rating-On-Watch-Pos-Based-On-Strong-Q4-Results-1388361>
  
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