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