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Apple Now Has The Same Credit Rating As The US Government

Matthew Boesler
tim cook apple ceo

Beck Diefenbach, Reuters

Apple today announced that it would be issuing bonds in order to pay for its new shareholder dividend and share buyback program.

Credit rating agency Standard & Poors gave the new Apple bonds a 'AA+' rating, outlook stable.

That's the same rating S&P has on U.S. government debt, which it downgraded from AAA in July 2011.

Right now, there are only four AAA rated companies in the United States: Johnson & Johnson, ADP, Exxon Mobil, and Microsoft.

In other words, not a bad first foray into the credit markets for Apple.

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