Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS - S&P Global Ratings’ Credit Research

Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS

Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS - S&P Global Ratings’ Credit Research
Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS
Published Mar 03, 2009
2 pages (841 words) — Published Mar 03, 2009
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About This Report

  
Abstract:

NEW YORK (Standard&Poor's) March 3, 2009--Standard&Poor's Ratings Services said today that Amazon.com's (BBB/Stable/--) repurchase of the remaining €240 million 6.875% PEACS due February 2010 would have no immediate impact on its rating or outlook. Given the company's strong cash flow generation and $3.7 billion of cash and marketable securities on hand as of Dec. 31, 2008, we anticipate that the company will have ample liquidity after the debt repurchase. Pro forma for the transaction, we anticipate that debt to EBITDA would be 0.5x and interest coverage would be approximately 14.9x as of Dec. 31, 2008.

  
Brief Excerpt:

...NEW YORK (Standard & Poor's) March 3, 2009--Standard & Poor's Ratings Services said today that Amazon.com's (###/Stable/--) repurchase of the remaining 240 million 6.875% PEACS due February 2010 would have no immediate impact on its rating or outlook. Given the company's strong cash flow generation and $3.7 billion of cash and marketable securities on hand as of Dec. 31, 2008, we anticipate that the company will have ample liquidity after the debt repurchase. Pro forma for the transaction, we anticipate that debt to EBITDA would be 0.5x and interest coverage would be approximately 14.9x as of Dec. 31, 2008....

  
Report Type:

Bulletin

Ticker
AMZN
Issuer
Amazon.com Inc.
GICS
Internet Retail (25502020)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS" Mar 03, 2009. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Amazon-com-Ratings-Unaffected-By-Repurchase-Of-Remaining-PEACS-1388226>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Amazon.com Ratings Unaffected By Repurchase Of Remaining PEACS Mar 03, 2009. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Amazon-com-Ratings-Unaffected-By-Repurchase-Of-Remaining-PEACS-1388226>
  
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