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Fitch Places Sun on Rating Watch Positive on Merger News.

Publication: Wireless News
Publication Date: 23-APR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Fitch Ratings reported on April 20 that it has placed the following ratings for Sun Microsystems Inc. on Rating Watch Positive subsequent to Oracle's stated intent to acquire the company:

--Issuer Default Rating (IDR) 'BBB-';

--Senior unsecured debt 'BBB-'.

The rating action follows Oracle Corp.'s proposed acquisition of Sun...

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