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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Alomex who wrote (123512)	4/11/2001 7:31:51 PM
From: Boplicity	Read Replies (1) of 164684

Amazoncom Ratings Outlook Upgraded to Positive by Moody's Seattle, April 11 (Bloomberg) -- Amazon.com, the largest Internet retailer, had its ratings outlook upgraded to ``positive'' from ``stable'' by Moody's Investors Service, although its debt ratings were confirmed with junk status. Moody's confirmed its senior implied rating on Seattle-based Amazon.com, the overall view of the company, at ``Caa1,'' five steps above Moody's lowest rating. The same rating was given to the company's unsecured debt and its convertible notes were confirmed at ``Caa3,'' three steps above the lowest rating. Moody's said there is still significant risk in Amazon.com's business model, and working capital could be tight during 2002's holiday season if the company doesn't have access to cash or a credit line. Amazon.com currently has enough cash on hand to finance operations for the next 18 months to 24 months, Moody's said. Moody's said it sees the potential for upgrades and improvement in credit quality because of management's focus on becoming profitable. The shares of Amazon.com rose $1.20, or 10 percent, to $13.21 in midafternoon trading. They had fallen 81 percent in the past year.

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