AMD Senior Unsecured Credit Rating Raised to Investment Grade by Moody’s Investors Service
Advanced Micro Devices, Inc. (AMD)
Last advanced micro devices, inc. earnings: 4/28 04:25 pm
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ir.amd.com/investor-overview
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Source: GlobeNewswire
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.” Moody’s upgraded AMD based on growing business momentum, share gains, strong financial performance, excellent liquidity and consistent execution. About AMDFor 50 years, AMD has driven innovation in high-performance computing, graphics and visualization technologies – the building blocks for gaming, immersive platforms and the data center. Hundreds of millions of consumers, leading Fortune 500 businesses and cuttin
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