Schlagwort: Moody

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

Verfasst vonpipin

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

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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 »