Fitch changes Amazon view

Fitch Ratings said it affirmed Amazon.com Inc.'s long-term issuer default rating at A+.

Amazon's short-term issuer default rating and commercial paper program rating were upgraded to F1+ from F1.

The outlook was revised to positive from stable.

“The outlook revision to positive reflects the company's strengthening operating and financial profile, including better than expected revenue, EBITDA and cash flow over the past year and increased confidence in adjusted debt/EBITDAR remaining below 2.0x over time,” the agency said in a news release.

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