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Fitch Upgrades Sun Microsystems' IDR to 'A' on Oracle Acquisition; Withdraws Rating

Fitch Ratings has upgraded Sun Microsystems Inc.'s (Sun) Issuer Default Rating (IDR) to 'A' from 'BBB-' following Oracle Corporation's (Oracle; 'A'/Stable Outlook) announcement that it completed its acquisition of Sun. The Rating Outlook is Stable. Furthermore, Fitch has subsequently withdrawn Sun's IDR as the company no longer has any remaining debt outstanding.

These rating actions reflect the application of Fitch's current criteria which are available at www.fitchratings.com and specifically include the following reports:

--'Corporate Rating Methodology', dated Nov. 24, 2009;

--'Recovery Ratings and Notching Criteria for Nonfinancial Corporate Issuers' dated Nov. 24, 2009;

--'Liquidity Considerations for Corporate Issuers', dated June 12, 2007.

Additional information is available at www.fitchratings.com.

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE WWW.FITCHRATINGS.COM. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.

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