Moody's puts Amazon's ratings on review |
|
|
|
Published
:
Mon, 19 Nov 2007 21:41
|
NEW YORK (AP) - Moody's Investors Service on Monday placed Amazon.com Inc.'s non-investment grade long-term debt ratings on review for a possible upgrade and affirmed the online retailer's speculative grade liquidity rating.Moody's said the review reflects Amazon.com's have ry strong year-to-date results' for the period ending Sept. 30.The review will focus on the company's operating performance during the fourth-quarter holiday season, as well as Amazon.com's growth strategy and business initiatives, Moody's said. The rating agency will also review the company's financial policy, its capital structure and liquidity.Moody's placed Seattle-based Amazon.com's junk corporate family rating and probability of default rating 'Ba2;' junk senior subordinate notes rating of 'Ba3;' and junk senior unsecured shelf rating of 'Ba1' on a review for a possible upgrade.Moody's affirmed the speculative grade liquidity rating of 'SGL-2.'Shares of Amazon.com added 74 cents to $79.33 in afternoon trading.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
2792.28 |
22.57 (
0.81 %)
|
| SYMBOL (
2012-01-19 ) |
| LAST |
CHANGE
|
|
CARNIVAL
(
11:35am )
|
|
2017.00 |
46.00 (
2.42 %)
|
|
WHITBREAD
(
11:35am )
|
|
1662.99 |
33.99 (
2.09 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
IBM
(
12:34pm ) |
|
181.50 |
0.43 (
0.24 %)
|
| SYMBOL (
2012-01-19 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Moody's reviews Amazon.com ratings for possible upgrade 