Moody's assigns Aa1 to Apple's new senior notes

Moody’s Investors Service said it gave an Aa1 rating to Apple Inc.'s proposed senior notes.

Apple has “excellent liquidity with $83 billion of net cash, cash equivalents and marketable securities as of the quarter ended June 2019,” Moody’s said in a press release.

Proceeds from the notes offering will be used for general corporate purposes.

The outlook remains stable.

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