S&P assigns AA+ to Apple notes

S&P said it assigned its AA+ issue-level rating to Apple Inc.'s $1,377,000,000 senior unsecured notes due 2046.

The company will use the proceeds for general corporate purposes, including the repurchase of common stock and payment of dividends.

The agency rates the new notes the same as the corporate credit rating on the company.

Apple’s AA+ corporate credit rating is unchanged and the outlook remains stable.

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