S&P rates Salesforce.com convertibles BB

Standard & Poor's said it assigned its BB unsolicited corporate credit rating to Salesforce.com Inc.

The outlook is stable.

S&P also assigned a BB unsolicited issue-level rating to the company's $1.15 billion convertible senior unsecured notes due 2018. The unsolicited recovery rating on the notes is 3.

"The rating on Salesforce.com Inc. reflects our assessment of the company's business risk profile as 'satisfactory' and our view of its financial risk as 'significant,'" S&P credit analyst Philip Schrank said in a news release.

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