Tech Industry

Short Take: Apple debt same despite ratings cut

Value of Apple Computer bonds held steady despite the fact that Moody's Investors Service downgraded the company's long-term debt rating two notches, according to a Reuters report. Apple's senior unsecured debt rating went from B1 to B3, and its subordinated debt went from B3 to Caa.

Value of Apple Computer bonds held steady despite the fact that Moody's Investors Service downgraded the company's long-term debt rating two notches, according to a Reuters report. Apple's senior unsecured debt rating went from B1 to B3, and its subordinated debt went from B3 to Caa.