S&P Raises Credit Rating on Amazon (AMZN) to 'A'; Oulook Stable

Standard & Poor's Ratings Services raised its credit rating on Amazon.com Inc. (NASDAQ: AMZN) from 'A-' to 'A', adding that the outlook is stable.

"The upgrade reflects the company's strong performance during the recession, a
weak retail environment and increased investment in its business while
maintaining already above-average credit protection profile," said Standard &
Poor's credit analyst Jayne Ross.

"The investment-grade rating on Amazon, one of the largest e-commerce
retailers, reflects our expectation that it will maintain its solid market
position," added Ms. Ross, "along with our assessment that its business risk
profile will remain satisfactory over the next several years." We also
anticipate that its financial risk profile will remain minimal as the company
maintains modest debt leverage, a strong cash cushion, and above-average cash
flow protection ratios."

Shares of Amazon are down $5.57 to $174.72 in midday market movement on Wednesday.

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