{"id":58426,"date":"2020-09-13T19:56:53","date_gmt":"2020-09-13T17:56:53","guid":{"rendered":"https:\/\/www.planet3dnow.de\/cms\/?p=58426"},"modified":"2020-09-13T19:56:53","modified_gmt":"2020-09-13T17:56:53","slug":"amd-senior-unsecured-credit-rating-raised-to-investment-grade-by-moodys-investors-service","status":"publish","type":"post","link":"https:\/\/www.planet3dnow.de\/cms\/58426-amd-senior-unsecured-credit-rating-raised-to-investment-grade-by-moodys-investors-service\/","title":{"rendered":"AMD<\/span> Senior Unsecured Credit Rating Raised to Investment Grade by Moody\u2019s Investors Service"},"content":{"rendered":"

Upgraded rating driven by strong execution and financial outlook, including strong free cash flow expectation for 2020 and 2021<\/h3>\n

SANTA<\/span> CLARA<\/span>, Calif., Sept. 11, 2020 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced that the company\u2019s seni\u00ador unse\u00adcu\u00adred cre\u00addit rating was rai\u00adsed to invest\u00adment gra\u00adde Baa3 by Moody\u2019s Inves\u00adtors Service.
\n\u201cOur focus on road\u00admap exe\u00adcu\u00adti\u00adon and finan\u00adcial disci\u00adpli\u00adne during the last five years has crea\u00adted a solid foun\u00adda\u00adti\u00adon for long-term growth,\u201d said Devin\u00adder Kumar, seni\u00ador vice pre\u00adsi\u00addent, CFO<\/span> and Tre\u00adasurer, AMD<\/span>. \u201cWe are plea\u00adsed with this upgrade from Moody\u2019s, which reflects our strong finan\u00adcial per\u00adfor\u00admance and out\u00adlook for con\u00adtin\u00adued growth and signi\u00adfi\u00adcant cash generation.\u201d<\/p>\n

Moody\u2019s upgraded AMD<\/span> based on gro\u00adwing busi\u00adness momen\u00adtum, share gains, strong finan\u00adcial per\u00adfor\u00admance, excel\u00adlent liqui\u00addi\u00adty and con\u00adsis\u00adtent execution.<\/p>\n

About AMD<\/span><\/strong>
\nFor 50 years, AMD<\/span> has dri\u00adven inno\u00adva\u00adti\u00adon in high-per\u00adfor\u00admance com\u00adpu\u00adting, gra\u00adphics and visua\u00adliza\u00adti\u00adon tech\u00adno\u00adlo\u00adgies \u2013 the buil\u00adding blocks for gam\u00ading, immersi\u00adve plat\u00adforms and the data cen\u00adter. Hundreds of mil\u00adli\u00adons of con\u00adsu\u00admers, lea\u00adding For\u00adtu\u00adne 500 busi\u00adnesses and cut\u00adting-edge sci\u00aden\u00adti\u00adfic rese\u00adarch faci\u00adli\u00adties around the world rely on AMD<\/span> tech\u00adno\u00adlo\u00adgy dai\u00adly to impro\u00adve how they live, work and play. AMD<\/span> employees around the world are focu\u00adsed on buil\u00adding gre\u00adat pro\u00adducts that push the boun\u00adda\u00adries of what is pos\u00adsi\u00adble. For more infor\u00adma\u00adti\u00adon about how AMD<\/span> is enab\u00adling today and inspi\u00adring tomor\u00adrow, visit the AMD<\/span> (NASDAQ<\/span>: AMD<\/span>) web\u00adsite<\/a>, blog<\/a>, Face\u00adbook<\/a> and Twit\u00adter<\/a> pages.<\/p>\n

Cau\u00adtio\u00adna\u00adry Statement<\/strong>
\nThis press release con\u00adta\u00adins for\u00adward-loo\u00adking state\u00adments con\u00adcer\u00adning Advan\u00adced Micro Devices, Inc. (AMD<\/span>) such as expec\u00adta\u00adti\u00adons regar\u00adding AMD<\/span>\u2019s busi\u00adness momen\u00adtum and future finan\u00adcial per\u00adfor\u00admance, inclu\u00adding AMD<\/span>\u2019s out\u00adlook for con\u00adtin\u00adued growth and signi\u00adfi\u00adcant cash gene\u00adra\u00adti\u00adon, which are made pur\u00adsu\u00adant to the Safe Har\u00adbor pro\u00advi\u00adsi\u00adons of the Pri\u00adva\u00adte Secu\u00adri\u00adties Liti\u00adga\u00adti\u00adon Reform Act of 1995. For\u00adward loo\u00adking state\u00adments are com\u00admon\u00adly iden\u00adti\u00adfied by words such as \u201cwould,\u201d \u201cmay,\u201d \u201cexpects,\u201d \u201cbelie\u00adves,\u201d \u201cplans,\u201d \u201cintends,\u201d \u201cpro\u00adjects\u201d and other terms with simi\u00adlar mea\u00adning. Inves\u00adtors are cau\u00adtio\u00adned that the for\u00adward-loo\u00adking state\u00adments in this press release are based on cur\u00adrent beliefs, assump\u00adti\u00adons and expec\u00adta\u00adti\u00adons, speak only as of the date of this press release and invol\u00adve risks and uncer\u00adtain\u00adties that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons. Such state\u00adments are sub\u00adject to cer\u00adtain known and unknown risks and uncer\u00adtain\u00adties, many of which are dif\u00adfi\u00adcult to pre\u00addict and gene\u00adral\u00adly bey\u00adond AMD<\/span>\u2019s con\u00adtrol, that could cau\u00adse actu\u00adal results and other future events to dif\u00adfer mate\u00adri\u00adal\u00adly from tho\u00adse expres\u00adsed in, or impli\u00aded or pro\u00adjec\u00adted by, the for\u00adward-loo\u00adking infor\u00adma\u00adti\u00adon and state\u00adments. Mate\u00adri\u00adal fac\u00adtors that could cau\u00adse actu\u00adal results to dif\u00adfer mate\u00adri\u00adal\u00adly from cur\u00adrent expec\u00adta\u00adti\u00adons include, wit\u00adhout limi\u00adta\u00adti\u00adon, the fol\u00adlo\u00adwing: Intel Corporation\u2019s domi\u00adnan\u00adce of the micro\u00adpro\u00adces\u00adsor mar\u00adket and its aggres\u00adsi\u00adve busi\u00adness prac\u00adti\u00adces; the abili\u00adty of third par\u00adty manu\u00adfac\u00adtu\u00adr\u00aders to manu\u00adfac\u00adtu\u00adre AMD<\/span>\u2019s pro\u00adducts on a time\u00adly basis in suf\u00adfi\u00adci\u00adent quan\u00adti\u00adties and using com\u00adpe\u00adti\u00adti\u00adve tech\u00adno\u00adlo\u00adgies; expec\u00adted manu\u00adfac\u00adtu\u00adring yields for AMD<\/span>\u2019s pro\u00adducts; AMD<\/span>\u2019s abili\u00adty to intro\u00addu\u00adce pro\u00adducts on a time\u00adly basis with fea\u00adtures and per\u00adfor\u00admance levels that pro\u00advi\u00adde value to its cus\u00adto\u00admers; glo\u00adbal eco\u00adno\u00admic uncer\u00adtain\u00adty; the loss of a signi\u00adfi\u00adcant cus\u00adto\u00admer; AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte reve\u00adnue from its semi-cus\u00adtom SoC pro\u00adducts;  the impact of the COVID-19<\/span> pan\u00adde\u00admic on AMD<\/span>\u2019s busi\u00adness, finan\u00adcial con\u00addi\u00adti\u00adon and results of ope\u00adra\u00adti\u00adons; poli\u00adti\u00adcal, legal, eco\u00adno\u00admic risks and natu\u00adral dis\u00adas\u00adters; the impact of govern\u00adment actions and regu\u00adla\u00adti\u00adons such as export admi\u00adnis\u00adtra\u00adti\u00adon regu\u00adla\u00adti\u00adons, tariffs and trade pro\u00adtec\u00adtion mea\u00adsu\u00adres; poten\u00adti\u00adal secu\u00adri\u00adty vul\u00adnerabi\u00adli\u00adties; poten\u00adti\u00adal IT<\/span> outa\u00adges, data loss, data brea\u00adches and cyber-attacks; uncer\u00adtain\u00adties invol\u00adving the orde\u00adring and ship\u00adment of AMD<\/span>\u2019s pro\u00adducts; quar\u00adter\u00adly and sea\u00adso\u00adnal sales pat\u00adterns; the rest\u00adric\u00adtions impo\u00adsed by agree\u00adments gover\u00adning AMD<\/span>\u2019s notes and the secu\u00adred cre\u00addit faci\u00adli\u00adty; the com\u00adpe\u00adti\u00adti\u00adve mar\u00adkets in which AMD<\/span>\u2019s pro\u00adducts are sold; AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent reve\u00adnue and ope\u00adra\u00adting cash flow or obtain exter\u00adnal finan\u00adcing for rese\u00adarch and deve\u00adlo\u00adp\u00adment or other stra\u00adte\u00adgic invest\u00adments; the poten\u00adti\u00adal dilu\u00adti\u00adve effect if the 2.125% Con\u00adver\u00adti\u00adble Seni\u00ador Notes due 2026 are con\u00adver\u00adted; mar\u00adket con\u00addi\u00adti\u00adons of the indus\u00adtries in which AMD<\/span> pro\u00adducts are sold; AMD<\/span>\u2019s reli\u00adance on third-par\u00adty intellec\u00adtu\u00adal pro\u00adper\u00adty to design and intro\u00addu\u00adce new pro\u00adducts in a time\u00adly man\u00adner; AMD<\/span>\u2019s reli\u00adance on third-par\u00adty com\u00adpa\u00adnies for the design, manu\u00adfac\u00adtu\u00adre and sup\u00adp\u00adly of mother\u00adboards, soft\u00adware and other com\u00adpu\u00adter plat\u00adform com\u00adpon\u00adents; AMD<\/span>\u2019s reli\u00adance on Micro\u00adsoft Cor\u00adpo\u00adra\u00adti\u00adon and other soft\u00adware ven\u00addors\u2019 sup\u00adport to design and deve\u00adlop soft\u00adware to run on AMD<\/span>\u2019s pro\u00adducts; AMD<\/span>\u2019s reli\u00adance on third-par\u00adty dis\u00adtri\u00adbu\u00adtors and add-in-board part\u00adners; future impairm\u00adents of good\u00adwill and tech\u00adno\u00adlo\u00adgy licen\u00adse purcha\u00adses; AMD<\/span>\u2019s abili\u00adty to attract and retain qua\u00adli\u00adfied per\u00adson\u00adnel; AMD<\/span>\u2019s indeb\u00adted\u00adness; AMD<\/span>\u2019s abili\u00adty to gene\u00adra\u00adte suf\u00adfi\u00adci\u00adent cash to ser\u00advice its debt obli\u00adga\u00adti\u00adons or meet its working capi\u00adtal requi\u00adre\u00adments; AMD<\/span>\u2019s abili\u00adty to repurcha\u00adse its out\u00adstan\u00adding debt in the event of a chan\u00adge of con\u00adtrol; the cycli\u00adcal natu\u00adre of the semi\u00adcon\u00adduc\u00adtor indus\u00adtry; the impact of acqui\u00adsi\u00adti\u00adons, joint ven\u00adtures and\/or invest\u00adments on AMD<\/span>\u2019s busi\u00adness; the impact of modi\u00adfi\u00adca\u00adti\u00adon or inter\u00adrup\u00adti\u00adon of AMD<\/span>\u2019s inter\u00adnal busi\u00adness pro\u00adces\u00adses and infor\u00adma\u00adti\u00adon sys\u00adtems; the avai\u00adla\u00adbi\u00adli\u00adty of essen\u00adti\u00adal equip\u00adment, mate\u00adri\u00adals or manu\u00adfac\u00adtu\u00adring pro\u00adces\u00adses; com\u00adpa\u00adti\u00adbi\u00adli\u00adty of AMD<\/span>\u2019s pro\u00adducts with some or all indus\u00adtry-stan\u00addard soft\u00adware and hard\u00adware; cos\u00adts rela\u00adted to defec\u00adti\u00adve pro\u00adducts; the effi\u00adci\u00aden\u00adcy of AMD<\/span>\u2019s sup\u00adp\u00adly chain; AMD<\/span>\u2019s abili\u00adty to rely on third par\u00adty sup\u00adp\u00adly-chain logi\u00adstics func\u00adtions; AMD<\/span>\u2019s stock pri\u00adce vola\u00adti\u00adli\u00adty; world\u00adwi\u00adde poli\u00adti\u00adcal con\u00addi\u00adti\u00adons; unfa\u00advorable cur\u00adren\u00adcy exch\u00adan\u00adge rate fluc\u00adtua\u00adtions; AMD<\/span>\u2019s abili\u00adty to effec\u00adtively con\u00adtrol the sales of its pro\u00adducts on the gray mar\u00adket; AMD<\/span>\u2019s abili\u00adty to ade\u00adqua\u00adte\u00adly pro\u00adtect its tech\u00adno\u00adlo\u00adgy or other intellec\u00adtu\u00adal pro\u00adper\u00adty; cur\u00adrent and future claims and liti\u00adga\u00adti\u00adon; poten\u00adti\u00adal tax lia\u00adbi\u00adli\u00adties; and the impact of envi\u00adron\u00admen\u00adtal laws, con\u00adflict mine\u00adrals-rela\u00adted pro\u00advi\u00adsi\u00adons and other laws or regu\u00adla\u00adti\u00adons. Inves\u00adtors are urged to review in detail the risks and uncer\u00adtain\u00adties in AMD<\/span>\u2019s Secu\u00adri\u00adties and Exch\u00adan\u00adge Com\u00admis\u00adsi\u00adon filings, inclu\u00adding but not limi\u00adt\u00aded to AMD<\/span>\u2019s Quar\u00adter\u00adly Report on Form 10\u2011Q for the quar\u00adter ended June 27, 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

<\/p>

Upgraded rating driven by strong execution and financial outlook, including strong free cash flow expectation for 2020 and 2021<\/h3>\n

SANTA<\/span> CLARA<\/span>, Calif., Sept. 11, 2020 (GLOBE<\/span> NEWSWIRE<\/span>) \u2014 AMD<\/span><\/a> (NASDAQ<\/span>:AMD<\/span>) today announ\u00adced that the company\u2019s seni\u00ador unse\u00adcu\u00adred cre\u00addit rating was rai\u00adsed to invest\u00adment gra\u00adde Baa3 by Moody\u2019s Inves\u00adtors Service.
\n\u201cOur focus on road\u00admap exe\u00adcu\u00adti\u00adon and finan\u00adcial disci\u00adpli\u00adne during the last five years has crea\u00adted a solid foun\u00adda\u00adti\u00adon for long-term growth,\u201d said Devin\u00adder Kumar, seni\u00ador vice pre\u00adsi\u00addent, CFO<\/span> and Tre\u00adasurer, AMD<\/span>. \u201cWe are plea\u00adsed with this upgrade from Moody\u2019s, which reflects our strong finan\u00adcial per\u00adfor\u00admance and out\u00adlook for con\u00adtin\u00adued growth and signi\u00adfi\u00adcant cash gene\u00adra\u00adti\u00adon.\u201d (\u2026) Wei\u00adter\u00adle\u00adsen \u00bb<\/a><\/p>\n","protected":false},"author":593,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wp_typography_post_enhancements_disabled":false,"ngg_post_thumbnail":0,"footnotes":""},"categories":[22],"tags":[966,2410,2411],"class_list":["post-58426","post","type-post","status-publish","format-standard","hentry","category-pressemitteilungen","tag-amd","tag-credit-rating","tag-moody","entry"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/58426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/users\/593"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/comments?post=58426"}],"version-history":[{"count":1,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/58426\/revisions"}],"predecessor-version":[{"id":58427,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/posts\/58426\/revisions\/58427"}],"wp:attachment":[{"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/media?parent=58426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/categories?post=58426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planet3dnow.de\/cms\/wp-json\/wp\/v2\/tags?post=58426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}