NEW YORK (Standard&Poor's) Feb. 13, 2009--Standard&Poor's Ratings Services said today it raised its corporate credit rating on Seattle-based Amazon.com to 'BBB' from 'BB+'. At the same time, we raised the rating on the company's unsecured debt to 'BBB-' from 'BB+'. The outlook is stable. "The upgrade to an investment-grade rating reflects Amazon.com's strong brand, robust performance, and improved credit protection metrics," said Standard&Poor's credit analyst David Kuntz. The company has maintained solid performance during this especially difficult retailing environment. "Both top-line and EBITDA growth demonstrate this," he continued, "causing us to favorably reevaluate the company's business risk and credit rating."
