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

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Paul Festa

Feb. 25, 1997 4:30 p.m. PT

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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.