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Research Update: Intel Corp. Senior Unsecured Debt Assigned 'A+' Rating; 'A+' Corporate Credit Rating Affirmed Sep 11
Standard & Poors, September 2011
U.S. microprocessor manufacturer Intel is issuing senior unsecured debt in multiple tranches to fund share repurchase activity and for general corporate purposes. The company enters into the transaction with a lightly leveraged balance sheet and comfortable capacity for additional leverage in its existing 'A+' rating. We are affirming our 'A+' corporate credit rating on the company and assigning our 'A+' senior unsecured rating to the new debt. The outlook is stable, reflecting our expectation that Intel will maintain very low leverage while sustaining its strong competitive position. On Sept. 14, 2011, Standard & Poor's Ratings Services affirmed its 'A+' corporate credit rating on Santa Clara, Calif.-based Intel Corp. The outlook is stable. At the same time, we assigned our 'A+'...
Companies mentioned in this report are: Intel Corp.,INTEL Overseas Corp.
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
Intel Corp.,INTEL Overseas Corp.