S&P boosts Amazon.com

Standard & Poor's said it raised its corporate credit rating on Amazon.com to BB from BB-.

The agency said that the rating change is based on the company's continued strong growth, maintenance of its good market position and improved credit protection metrics.

The outlook is stable.

According to S&P, the ratings on Amazon.com reflect the risks of rapid growth, participation in the mature and highly competitive retail industry and continued operating margin deterioration while the risks are somewhat tempered by the company's market position in online retailing and improving cash flow protection measures.

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