Moody's upgrades snr unsecured ratings of NVIDIA to A2 following agreement to acquire Arm Ltd; outlook stable
Rating Action: Moody's upgrades snr unsecured ratings of NVIDIA to A2 following agreement to acquire Arm Ltd; outlook stable. Global Credit Research- 14 Sep 2020. New York, September 14, 2020-- Moody's Investors Service upgraded the senior unsecured rating of NVIDIA Corporation to A2 and short term rating to Prime-1 following the company's announcement that it has agreed to acquire Arm Limited for approximately $40 billion from SoftBank Group Corp. and the SoftBank Vision Fund.NVIDIA engages in graphics processing unit (GPU)-based visual computing and accelerated computing platforms. The company has two segments, GPU and Tegra Processor, which are based on a single underlying architecture. The company's GPU product brands are aimed at markets including GeForce for gamers; Quadro for designers; Tesla and DGX for artificial intelligence data scientists and big data researchers; and GRID for cloud-based visual computing users. The company's Tegra brand integrates an entire computer onto a single chip, and incorporates GPUs and multi-core CPUs to drive supercomputing for autonomous robots, drones, and cars, as well as for game consoles and mobile gaming and entertainment devices.
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