Apple Upgraded to Top Bond Rating by Moody’s on Growth Prospects
- Credit grader cites exceptional liquidity, robust earnings
- Apple joins Microsoft, J&J with highest possible credit scores
An Apple Inc. logo outside a store in New York.
Photographer: Jeenah Moon/BloombergThis article is for subscribers only.
Apple Inc.’s long-term credit rating was upgraded to Aaa by Moody’s Investors Service, putting the iPhone maker in an exclusive club with Microsoft Corp. and Johnson & Johnson as the only U.S. corporations in the S&P 500 with the highest possible credit score.
“The upgrade of Apple’s rating to Aaa reflects the company’s exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to 3 years, and its very strong business profile,” Moody’s analyst Raj Joshi said in a statement Tuesday.