Amazon.com’s Implied Credit Rating Raised
Bloomberg News
Amazon.com Inc.’s senior implied credit rating was raised one level by Moody’s Investors Service, which said the world’s largest Internet retailer will probably generate more cash than it spends.
Moody’s raised the senior implied rating, or the company’s overall rating, to B2 from B3. Amazon.com’s bond ratings were confirmed and the outlook is stable. All ratings are “junk.†About $2.2 billion of debt is affected.
Amazon.com’s shares rose 23 cents to $14.83 on Nasdaq.
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