S&P Global downgrades Intel's credit rating on slow recovery, management changes
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S&P Global Ratings downgraded Intel Corp's credit rating from 'BBB+' to 'BBB' due to slow business recovery and uncertainty following management changes.
December 10, 2024 | 11:30 pm
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Intel's credit rating was downgraded by S&P Global from 'BBB+' to 'BBB' due to slow business recovery and management changes.
The downgrade in credit rating reflects concerns over Intel's slow business recovery and recent management changes, which could impact investor confidence and the company's borrowing costs.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100