AAPL: It's The Ecosystem, Stupid: What The Ratings Agencies Said About Apple

It's The Ecosystem, Stupid: What The Ratings Agencies Said About Apple
by Eric Rodawig

On its 2Q13 earnings call, Apple (AAPL) announced it had secured credit ratings with S&P and Moody's in order to tap the U.S. debt markets and return an additional $55 billion of cash to shareholders through 2015. These ratings were released just before the call, and Apple was given each agency's second highest rating: AA+/Aa1. What was most interesting in the ratings releases were the comments regarding a potential upgrade to AAA. read more »

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