Phil – Good question on why AAPL's not AAA. Actually they have borrowed money to issue those very low interest bonds, which lets them retire stock where they were paying a higher rate than the interest on the bonds. The low, low rate at which they were able to issue those would imply at AAA rating. Go figure.
April 17th, 2014 at 12:36 pm
Phil – Good question on why AAPL's not AAA. Actually they have borrowed money to issue those very low interest bonds, which lets them retire stock where they were paying a higher rate than the interest on the bonds. The low, low rate at which they were able to issue those would imply at AAA rating. Go figure.