Moody's rates Amazon.com notes Baa1

Moody's Investors Service said it assigned a Baa1 rating to Amazon.com, Inc.'s proposed $2.5 billion multiple tranche senior unsecured notes offering.

The outlook is stable.

The proceeds from the proposed $2.5 billion senior unsecured notes offering will be used for general corporate purposes including the purchase of Amazon.com corporate headquarters for $1.16 billion.

Amazon.com's Baa1 senior unsecured rating reflects it global well-recognized brand name and large scale with about $57 billion in annual revenue.

The rating also acknowledges that Amazon.com is the U.S.'s largest Internet retailer and has a sizable international presence through seven international websites that it operates, Moody's said.

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