Moody's: Advanced Micro view to stable

Moody's Investors Service said it affirmed the B2 corporate family rating of Advanced Micro Devices, Inc. and revised the outlook to stable from negative.

The speculative grade liquidity rating was raised to SGL-2 from SGL-3.

Moody's said the outlook revision reflects the company's prospects for improving operating performance and a better liquidity profile over the next year as it continues to reorient its business model to address markets beyond its core, legacy personal computer market (45% of Advanced Micro revenue in the most recent quarter) that include the faster growing, embedded and semi-custom chips, dense server, professional graphics and ultra low power end markets.

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