NY -- Standard&Poor's CreditWire 1/29/96 -- Standard&Poor's lowers its ratings on Apple Computer Inc.'s senior debt to double-`B'-minus from triple-`B' and commercial paper rating to `B' from `A-2'. Both ratings remain on CreditWatch, with the rating implications revised to "developing" from negative. Developing implications mean ratings may be raised or lowered. These rating actions reflect: -- Standard&Poor's expectation that recent operating losses will continue in the near term; -- Uncertainties with regard to the strategic direction of the company; and -- Management turmoil. About $300 million of debt is affected. The developing implications reflect management's need to more definitively articulate and then execute its strategy to restore profitability and higher volume growth. As a
