I have android application that has hard coded (static string constants) credentials (user/pass) for sending emails via SMTP.
The problem is that .dex file in .apk c
You can save your string obfuscated by AES.
In Licensing Verification Library you can find AESObfuscator. In LVL it is used to obfuscate cached license info that is read instead of asking Android Market to find out application is licensed or not. LVL can be downloaded as component of SDK.
AESObfuscator