Intel’s Credit Rating Slashed To Just 2 Notches Above Junk Status: Fitch Now Wants To See “Successful Product Ramps” And “Net Debt Reduction” For A Re-Rating ...Middle East

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Intel’s Credit Rating Slashed To Just 2 Notches Above Junk Status: Fitch Now Wants To See “Successful Product Ramps” And “Net Debt Reduction” For A Re-Rating
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In what is a testament to how far Intel, the erstwhile giant of the semiconductor sphere, seems to have fallen lately, Fitch has now downgraded team blue's credit standing to just two notches above junk status, which echoes similar steps taken by Moody's and S&P Global back in 2024. To wit, Fitch has now slashed Intel's credit rating for its long-term debt from BBB+ to BBB, while pegging a negative outlook on this rating, which suggests that further downgrades remain a possibility. Do note that BBB status is the last rung of what Fitch describes as an "investment grade" rating. […]

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