Moody's upgrades Advanced Micro Devices' CFR to B3 and senior unsecured rating to Caa1; outlook stable
New York, February 07, 2017-- Moody's Investors Service, upgraded Advanced Micro Devices, Inc.' s corporate family rating to B3, senior unsecured rating to Caa1, and speculative grade liquidity rating to SGL-1. The upgrade of the corporate family rating to B3 reflects AMD's improved performance outlook, driven by design wins, modest market share gains, and an expanded set of product offerings. As a result, Moody's expects mid-single digit revenue growth, stable to higher gross...
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