Apple Inc.'s Pound-Denominated Senior Unsecured Notes Assigned 'AA+' Rating

SAN FRANCISCO (Standard&Poor's) July 29, 2015--Standard&Poor's Ratings Services today assigned its 'AA+' issue-level rating to Cupertino, Calif.-based global hardware and services provider Apple Inc.'s £750 million senior unsecured notes due 2029 and £500 million senior unsecured notes due 2042. 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. Apple's revenues rose 33% year over year to nearly $50 billion in the third quarter ended June 27, 2015, representing a third consecutive quarter of

...SAN FRANCISCO (Standard & Poor's) July 29, 2015--Standard & Poor's Ratings Services today assigned its '##+' issue-level rating to Cupertino, Calif.-based global hardware and services provider Apple Inc.'s ú750 million senior unsecured notes due 2029 and ú500 million senior unsecured notes due 2042. 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. Apple's revenues rose 33% year over year to nearly $50 billion in the third quarter ended June 27, 2015, representing a third consecutive quarter of strong growth for the company since the launch of the iPhone 6 and iPhone 6 Plus in September 2014. Sales in Greater China jumped again, more than doubling to $13 billion during the quarter. iPhone unit sales rose 35% year over year and...

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