Michael Kerrane, New York (1) 212-438-7844 NEW YORK (Standard&Poor's CreditWire) May 26, 1999--Standard&Poor's today assigned its preliminary single-'B' senior unsecured, preliminary triple-'C'-plus subordinated, and preliminary triple-'C' preferred ratings to Amazon.com's $2.0 billion mixed shelf registration. At the same time, Standard&Poor's revised its outlook on Amazon.com's existing ratings to stable from developing. Standard&Poor's also affirmed its single-'B' corporate credit and senior unsecured ratings, and its triple-'C'-plus subordinated rating for the company. The outlook revision reflects Standard&Poor's belief that Amazon.com's enhanced financial flexibility will provide a cushion over the next couple of years as its business model evolves toward a broader product set and gains the critical mass required to attain satisfactory
