Moody’s Upgrades Apple

The apple logo is projected on a screen before the start of a product launch event at Apple's headquarters in Cupertino, Calif., on Sept. 10, 2019. (Josh Edelson/AFP via Getty Images)

Moody’s Investors Service upgraded Apple Inc.’s senior unsecured rating to Aaa from Aa1 and affirmed its Prime-1 rating for commercial paper.

The ratings outlook is stable. Moody’s analyst Raj Joshi said.

“The upgrade of Apple’s rating to Aaa reflects the company’s exceptional liquidity, robust earnings that we expect will continue to grow over the next 2 to 3 years, and its very strong business profile. Apple’s ecosystem of products and services provides enhanced revenue visibility over time despite some level of volatility that is inherent in its businesses from product introduction cycles.

By Anusuya Lahiri 

© 2021 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.