Microsoft Corp (MSFT) One of Three U.S. Companies Left Rated AAA by S&P
Get Alerts MSFT Hot Sheet
Overall Analyst Rating:
BUY (= Flat)
Dividend Yield: 0.7%
Revenue Growth %: +15.0%
Join SI Premium – FREE
Microsoft (Nasdaq: MSFT) is one of three U.S. companies with a AAA rating by S&P following ADP's (NYSE: ADP) decision to separate the Dealer Services business into an independent publicly traded company through a tax-free spin-off of 100% of Dealer Services to ADP shareholders.
The other two U.S. companies include Johnson & Johnson (NYSE: JNJ) and Exxon Mobil (NYSE: XOM).
You can read more on the S&P downgrade here.
S&P had 60 U.S. companies at AAA back in 1980 and that number fell to six in 2008. Dropping off over the last few years include General Electric (NYSE: GE), Pfizer (NYSE: PFE), and, now, ADP.
Shares of Microsoft are lower in early trading.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Microsoft (MSFT) call put ratio 2.9 calls to 1 put into quarter results and outlook
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
- Coca-Cola signs $1.1 billion deal to use Microsoft cloud, AI services
Create E-mail Alert Related Categories
Credit Ratings, Insiders' BlogRelated Entities
Standard & Poor'sSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!