Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research

Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating

Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating - S&P Global Ratings’ Credit Research
Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating
Published Jun 13, 2016
3 pages (1109 words) — Published Jun 13, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

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

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) June 13, 2016--S&P Global Ratings today assigned its '##+' 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 '##+' 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 And Semiconductors Industry, Nov. 19, 2013 + Corporate Criteria: Ratios And Adjustments, Nov. 19, 2013 + Methodology: Industry Risk, Nov. 19, 2013 + Group Rating Methodology,...

  
Report Type:

Ratings Action

Ticker
AAPL
Issuer
Apple Inc.
Sector
Global Issuers , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating" Jun 13, 2016. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Apple-Inc-s-1-38-Billion-Senior-Unsecured-Notes-Assigned-AA-Rating-1655200>
  
APA:
S&P Global Ratings’ Credit Research. (). Apple Inc.'s $1.38 Billion Senior Unsecured Notes Assigned 'AA+' Rating Jun 13, 2016. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Apple-Inc-s-1-38-Billion-Senior-Unsecured-Notes-Assigned-AA-Rating-1655200>
  
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