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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.

Paul Festa Staff Writer, CNET News.com
Paul Festa
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Paul Festa
Value of 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.