Upgraded rating driven by strong execution and financial outlook, including strong free cash flow expectation for 2020 and 2021

SANTA CLARA, Calif., Sept. 11, 2020 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announ­ced that the company’s seni­or unse­cu­red cre­dit rating was rai­sed to invest­ment gra­de Baa3 by Moody’s Inves­tors Service.
“Our focus on road­map exe­cu­ti­on and finan­cial disci­pli­ne during the last five years has crea­ted a solid foun­da­ti­on for long-term growth,” said Devin­der Kumar, seni­or vice pre­si­dent, CFO and Tre­asurer, AMD. “We are plea­sed with this upgrade from Moody’s, which reflects our strong finan­cial per­for­mance and out­look for con­tin­ued growth and signi­fi­cant cash gene­ra­ti­on.” (…) Wei­ter­le­sen »