A judge said that Google's parent company, Alphabet, was not playing fair in the internet search business. This makes it harder for Alphabet to make money. A company called Moody's says that this is not good for Alphabet's credit. Other companies like Apple might also lose money if they have to change their deals with Google. Alphabet might have to spend more money to fix the problem. Alphabet is trying to fix the problem by appealing the judge's decision. Read from source...

"Alphabet's Historic Antitrust Ruling 'Credit Negative' For Google's Parent And Apple, Says Moody's: 'May Need To Alter Its Very Profitable Business Model'"

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Summary:

- A U.S. judge ruled that Alphabet engaged in unfair practices to dominate the online search market, a ruling that Moody's said is credit negative for the company and Apple, which receives billions from Google for being the default search engine on iOS devices.
- Moody's expects the trial to impose a range of remedies that could affect Alphabet's financial and business model, which is heavily reliant on online advertising based on search results.
- Alphabet faces other lawsuits and regulatory challenges in the U.S. and Europe that could alter its profitability or business model, according to Moody's.
- Alphabet has a strong credit profile, robust liquidity, and profitability that could mitigate the impact of the ruling and other risks, Moody's said.

Negative
Article's Main Points:
- Alphabet's ruling as a credit negative by Moody's
- The potential impact on Alphabet's financial and business model
- The uncertainty of the remedy phase and possible alterations to the business model
- The credit negative implications for Apple as well
- The other lawsuits and regulatory challenges that Alphabet faces

Summary:
The article discusses the recent ruling against Alphabet by a U.S. District Court judge, which Moody's deems as a credit negative for the company. The article highlights the potential impact on Alphabet's financial and business model, as well as the uncertainty of the remedy phase and possible alterations to the business model. It also mentions the credit negative implications for Apple and the other lawsuits and regulatory challenges that Alphabet faces.

- Moody's sees Alphabet's antitrust ruling as a credit negative, potentially requiring changes to its business model
- Alphabet's strong credit metrics and profitability may mitigate the impact of the ruling
- Apple may lose a significant source of revenue due to the ruling