Moody's gives Apple top 'AAA' credit rating on growth promise

Moody's gives Apple top 'AAA' credit rating on growth promise

Moody's gives Apple top 'AAA' credit rating on growth promise

Information about Moody's gives Apple top 'AAA' credit rating on growth promise

Kevin David Scam or Legit


(Reuters) – Ratings agency Moody’s on Tuesday upgraded Apple Inc’s long-term credit rating to ‘AAA’ with a stable outlook, citing the iPhone maker’s “exceptional liquidity” and robust earnings.
With this, Apple joins an elite club of companies including Microsoft and Johnson & Johnson that have been given Moody’s highest rating.
“Apple’s very strong business profile reflects its substantial operating scale, a large installed base of products and users of its services, strong customer loyalty, and premium brand positioning,” Moody’s analyst Raj Joshi said in a note.
Apple’s fiscal 2021 earnings surged about 65%, while revenue rose 33% on strong demand for its products and services during the pandemic.
Its stock has surged nearly 30% this year, bringing the iPhone maker within spitting distance of becoming the …

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