by Amruth Sundarkumar | Jun 11, 2021 | Credit Ratings, Investment Grade Bonds
Global e-commerce giant Amazon has been upgraded to AA from AA- by S&P Global, which said that it “expects Seattle-based e-commerce and cloud computing company Amazon.com Inc. to sustain strong revenue and profit growth in the coming years, based on its...
by Amruth Sundarkumar | Jun 8, 2021 | Credit Ratings, Investment Grade Bonds
Fitch Ratings has upgraded Amazon’s Long-Term Issuer Default Rating (IDR) to AA- from A+. The rating agency said, “The upgrade reflects Amazon’s strengthening positions in global e-commerce and cloud computing services, close customer connections,...
by bondevalue | May 27, 2021 | Investment Grade Bonds
Amazon agreed to buy MGM Studios for $8.45bn, its second largest acquisition after that of Whole Foods in 2017 which was worth $13.7bn. The announcement comes a week after they were in talks for the MGM acquisition. The acquisition is expected to help its Amazon...
by bondevalue | May 19, 2021 | Investment Grade Bonds
Amazon is negotiating the potential acquisition of MGM for $9bn, a few days after Discovery and Warner Media announced their merger, reigniting the sector’s run of deals as traditional media companies seek to compete with big technology companies and online streaming....
by bondevalue | May 11, 2021 | Investment Grade Bonds
Amazon raised a record $18.5bn via an eight-part bond offering priced on Monday. The bonds have expected ratings of A1/AA- with the issuer rating upgraded to A1 from A2 on Monday by Moody’s. The offering received orders of almost $50bn, ~2.7x issue size. The 2Y...
