SAN FRANCISCO (S&P Global Ratings) June 13, 2016--S&P Global Ratings today assigned its 'AA+' issue-level rating to Cupertino, Calif.-based global hardware and services provider Apple Inc.'s $1.377 billion senior unsecured notes due 2046. The company will use the proceeds from the notes for general corporate purposes, including the repurchase of common stock and payment of dividends. We rate the new notes the same as the corporate credit rating on the company. Our 'AA+' corporate credit rating on Apple is unchanged, and the outlook remains stable. RELATED CRITERIA AND RESEARCH Related Criteria Country Risk Assessment Methodology And Assumptions, Nov. 19, 2013 Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 Industrials: Key Credit Factors For The Technology Hardware
