Forex Flash: Apple receives inaugural credit rating of AA+ – Deutsche Bank

FXstreet.com (Barcelona) - Apple's quarterly earnings report was the main story after the closing bell yesterday. The company delivered better-than-expected earnings and revenue but sales outlook was light. Capital management was a key focus with Apple more than doubling its capital return program from $45bn to $100bn by 2015. For us credit people, it was interesting to see Apple announce plans to put some debt on its balance sheet for the first time since 2003.

According to Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank, “Apple received its debut credit rating of AA+ (S&P) and Aa1 (Moody's) yesterday so maybe credit investors are not too far away from taking a bite at Apple after all.”