S&P lifts Amazon.com from junk

Standard & Poor's said it raised its corporate credit rating on Amazon.com, Inc. to BBB from BB+ and its unsecured debt to BBB- from BB+.

The outlook is stable.

The agency said the upgrade to an investment-grade rating reflects Amazon.com's strong brand, robust performance and improved credit protection metrics. The company has maintained solid performance during this especially difficult retailing environment, S&P said, causing the agency to favorably re-evaluate Amazon.com's business risk and credit rating.

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