U.S. global technology company Alphabet Inc.'s operational performance over the past few years has exceeded our expectations and we believe that the company will be able to achieve strong organic growth over the next two years while maintaining its conservative financial policy. We are raising our corporate credit rating on Alphabet, the parent company of Google Inc., to 'AA+' from 'AA'. We are also raising our issue-level rating on Alphabet's and Google's unsecured notes to 'AA+' from 'AA'. The stable outlook reflects S&P Global Ratings' expectation that the company will be able to sustain its leadership position in the online search and display advertising market, maintain its capital allocation practice by prioritizing business investments, and preserve its existing conservative financial
