Schlagwort: Moody

Moody’s announces completion of a periodic review of ratings of Advanced Micro Devices, Inc.

New York, Sep­tem­ber 21, 2020 — Moody’s Inves­tors Ser­vice (“Moody’s”) has com­ple­ted a perio­dic review of the ratings of Advan­ced Micro Devices, Inc. and other ratings that are asso­cia­ted with the same ana­ly­ti­cal unit. The review was con­duc­ted through a port­fo­lio review in which Moody’s reas­ses­sed the appro­pria­teness of the ratings in the con­text of the rele­vant princi­pal methodology(ies), recent deve­lo­p­ments, and a com­pa­ri­son of the finan­cial and ope­ra­ting pro­fi­le to simi­lar­ly rated peers. The review did not invol­ve a rating com­mit­tee. Sin­ce 1 Janu­a­ry 2019, Moody’s prac­ti­ce has been to issue a press release fol­lowing each perio­dic review to announ­ce its com­ple­ti­on. (…) Wei­ter­le­sen »

AMD Senior Unsecured Credit Rating Raised to Investment Grade by Moody’s Investors Service

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 »

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