S&P Affirms Ratings, Outlook on Advanced Micro Devices (AMD); Rates New Senior Conv. Notes
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Moody's Lifts Outlook on Advanced Micro Devices (AMD) to Positive; Ratings Affirmed
September 7, 2016 11:27 AM EDTMoody's Investors Service, ("Moody's") affirms Advanced Micro Devices, Inc.'s (Nasdaq: AMD) Caa1 corporate family rating and the Caa2 rating on the senior unsecured notes, and revised the rating outlook to positive from negative. The speculative grade liquidity rating is upgraded to SGL-2 from SGL-3.
The positive outlook reflects AMD's prospects for improved operating performance and cash generation as well as the improved product portfolio enabling the company to compete in the current discrete GPUs (graphics processing unit), APUs (application process units), x86 and ARM CPUs (central processing unit) market. Although we expect... More
