Moody's: Intel unchanged

Moody's Investors Service said news that Intel Corp.'s board authorized an additional $10 billion stock repurchase plan and an 15% increase in its common dividend will not impact the company's A1 senior unsecured credit rating.

The outlook is stable.

The dividend increase approximates an additional $525 million of annual payments, which will exceed $4 billion in 2011, Moody's said.

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