Moody’s upgrades Apple to top ‘AAA’ credit rating on growth promise

Moody’s Investors Service on Tuesday upgraded Apple’s long-term credit rating to ‘AAA’ with a stable outlook, citing the company’s “exceptional liquidity” and robust earnings.

Apple logo


“Apple’s very strong business profile reflects its substantial operating scale, a large installed base of products and users of its services, strong customer loyalty, and premium brand positioning,” Moody’s analyst Raj Joshi said in a note.

Apple’s fiscal 2021 earnings surged about 65%, while revenue rose 33% on strong demand for its products and services during the pandemic.

Its stock has surged nearly 30% this year, bringing the iPhone maker within spitting distance of becoming the world’s first company to cross $3 trillion in market value.

Joshi added that he expects Apple’s earnings to grow over the next two to three years.

MacDailyNews Take: Way to finally get your act together, Moody’s!

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  1. In context, it’s good to recall leading up to the GFC of ’08, the credit agencies were giving positive ratings to many that deserved nothing but a sht rating.

    I’m not saying this APPL rating is suspect, but just to remember the credit agencies can act and have acted poorly…Snoopes for “truth” is a parallel.

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