Moody’s Upgrades Apple

The apple logo is projected on a screen before the start of a product launch event at Apple's headquarters in Cupertino, Calif., on Sept. 10, 2019. Josh Edelson/AFP via Getty Images

Moody’s Investors Service upgraded Apple Inc.’s senior unsecured rating to Aaa from Aa1 and affirmed its Prime-1 rating for commercial paper.

The ratings outlook is stable. Moody’s analyst Raj Joshi said.