Amazon.com Ratings Raised To 'BB' Because Of Improved Credit Metrics

NEW YORK (Standard&Poor's) June 13, 2007--Standard&Poor's Ratings Services said today it raised its corporate credit rating on Amazon.com to 'BB' from 'BB-'. The rating change is based on the company's continued strong growth, maintenance of its good market position, and improved credit protection metrics. The outlook is stable. "The ratings on Seattle, Wash.-based Amazon.com, one of the world's largest online retailers, reflect the risks of rapid growth, participation in the mature and highly competitive retail industry, and continued operating margin deterioration," said Standard&Poor's credit analyst David Kuntz, "tempered by the company's market position in online retailing and improving cash flow protection measures." We could consider a positive outlook if Amazon is able to show

...NEW YORK (Standard & Poor's) June 13, 2007--Standard & Poor's Ratings Services said today it raised its corporate credit rating on Amazon.com to '##' from '##-'. The rating change is based on the company's continued strong growth, maintenance of its good market position, and improved credit protection metrics. The outlook is stable. "The ratings on Seattle, Wash.-based Amazon.com, one of the world's largest online retailers, reflect the risks of rapid growth, participation in the mature and highly competitive retail industry, and continued operating margin deterioration," said Standard & Poor's credit analyst David Kuntz, "tempered by the company's market position in online retailing and improving cash flow protection measures." We could consider a positive outlook if Amazon is able to show gains in operating performance with commensurate improvement in cash flow measures and a further reduction in debt leverage....

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