View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 29, 1996


By CBR Staff Writer

Apple Computer Inc has now taken a hit from Moody’s Investors Service Inc, which cut its rating on the senior debt to Ba2 from Baa3 – its junk bond ratings are anything below Baa3, and the agency said it may cut the rating further. Standard & Poor’s Corp already reduced Apple’s senior debt to double-B-minus from triple-B on January 29; its junk ratings are anything below triple-B-minus. Moody’s said the rating action was based on expectations that Apple’s sales, profits, cash flow and liquidity will be under severe pressure for the next 12to 18 months as new management tries to restore profitability and bolster the competitive position.

Content from our partners
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester
Infosecurity Europe 2024: Rethink the power of infosecurity

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.