S&P rates Apple notes AA+

Standard & Poor’s said it assigned its AA+ issue-level rating to Apple Inc.’s senior unsecured notes maturing in 2020, 2022, 2025 and 2045.

The AA+ corporate credit rating on Apple is unchanged, and the outlook remains stable.

S&P said the corporate credit rating incorporates S&P’s assumption that Apple will maintain a “minimal” financial risk profile, with adjusted leverage below 1x, and a “strong” business risk profile, incorporating market-leading products, a globally diverse customer base, and strong profitability.

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