TEXT - S&P raises Google corporate credit rating to 'AA'
Posted on November 19, 2012 at 14:55 PM EST
Overview -- Google Inc.'s revenues have risen 45% (including acquisitions) in the quarter ended Sept. 30, 2012, with net income of $2.2 billion, and the company ended the quarter with about $46 billion of cash and securities. -- We raised the corporate credit rating to `AA' from `AA-' and removed the ratings from CreditWatch, where they were placed on Aug. 21, 2012. The outlook is stable. -- At the same time, we affirmed our 'A-1+' short-term rating on the company. -- The