S&P rates Apple notes AA+

Standard & Poor's said it assigned Apple Inc.'s senior unsecured notes with various maturities an issue-level rating of AA+ (at the same level as the corporate credit rating on the company).

The company intends to use the proceeds from the proposed notes for general corporate purposes, including the repurchase of common stock.

S&P said the rating incorporates its assumption that Apple will maintain "minimal" financial risk, with adjusted leverage below 1 times, and a "strong" business risk profile, incorporating market-leading products, a globally diverse customer base and strong profitability.

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