https://finance.yahoo.com/news/intels-credit-rating-downgraded-fitch-224455126.html
Fitch downgraded Intel to BBB from BBB-plus, placing it just two notches shy of junk credit status.
Serving that massive debt is going to end Intel.
9 replies (most recent on top)
Should have down graded the CFO too.
That translates to a FICO score of 580-699
Nothing that selling a few fab sites won't cure.
Israel?
Arizona?
Bueller?
@a6 you are right about this being a lagging indicator. It should pour cold water on all of the turnaround hype.
@a9 I've always hated that motherf----rThe only people that can rival his smarminess are those cu-ts from HR that keep breaking the bad news about the layoffs and the company going to sh-t.
Those bi--hes better pay Oregon back before it's too late. Watch these fu----s welch on it.
Intel found someone other than the US taxpayer to give them a loan???
Credit ratings agencies and stock analyst ratings are a lagging indicator. Companies free cash flow has been in a death spiral for years... And now they want to cut the rating? Meh.
Borrowing money just got a lot costlier for Intel. There is no better means than to sell off assets and reduce workforce just to remain functional. It’s a dire situation and unless it is able to find a partner to keep it viable, then we already know the end of the story.