NEW YORK (Standard&Poor's) May 12, 2008--Standard&Poor's Ratings Services said today that its ratings on Seattle-based Amazon.com remain on CreditWatch with positive implications, where they were placed on Feb. 13, 2008. This action reflects the announcement that the company intends to redeem $500 million of its outstanding 4.75% convertible subordinated notes due 2009 on June 9, 2008. After completion of the redemption of the notes, there will be approximately $399 million of notes outstanding. "Pro forma the transaction, Amazon will have enhanced credit metrics that remain strong for its rating category," said Standard&Poor's credit analyst David Kuntz. For example, we anticipate leverage will be about 1.1x for the 12 months ended March 31, 2008, compared
