Decade?s First 'AAA' Industrials Rating Assigned To Microsoft, Which Joins Only Five Others Sep 08
Standard & Poors, September 2008
Abstract
NEW YORK (Standard & Poor's) Sept. 22, 2008--Earlier today, Microsoft Corp. joined only five other nonfinancial corporate debt issuers to be assigned a 'AAA' rating by Standard & Poor's. This is also the first new 'AAA' in 10 years. The last 'AAA' was assigned to Automatic Data Processing Inc. in October 1998. Microsoft appears to be bucking an almost three-decade trend that has shown U.S. industrials' movement away from 'AAA's--and from higher ratings in general. In addition to Automatic Data Processing, Exxon Mobil Corp., General Electric Co., Johnson & Johnson, Pfizer Inc., and now Microsoft all carry a 'AAA' rating. At one time, the ranks of the 'AAA' rating category included Coca-Cola Co. , Procter & Gamble Co., General Motors...
Companies mentioned in this report are:
- AT&T Corp.
- Automatic Data Processing Inc.
- The Coca-Cola Co.
- DuPont (E.I.) De Nemours & Co.
- Eastman Kodak Co.
- Macy's Inc.
- General Electric Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- International Business Machines Corp.
- Johnson & Johnson
- Kellogg Co.
- Pfizer Inc.
- Procter & Gamble Co.
- Microsoft Corp.
- ExxonMobil Corp.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- AT&T Corp.
- Automatic Data Processing Inc.
- The Coca-Cola Co.
- DuPont (E.I.) De Nemours & Co.
- Eastman Kodak Co.
- Macy's Inc.
- General Electric Co.
- Motors Liquidation Co. (fka General Motors Corp.)
- International Business Machines Corp.
- Johnson & Johnson
- Kellogg Co.
- Pfizer Inc.
- Procter & Gamble Co.
- Microsoft Corp.
- ExxonMobil Corp.
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