S&P rates Intel notes A+

Standard & Poor’s said it assigned an A+ rating to Intel Corp.’s announced senior unsecured notes offering.

The proceeds will be used to fund a portion of the company’s pending $16.7 billion acquisition of Altera Corp.

Intel indicated that it would fund the acquisition with $7 billion to $9 billion in long-term debt, S&P said.

The company's leverage is expected to remain at less than 0.5x in 2015 and 2016, the agency said.

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