Moody’s assigns A1 to Intel debt

Moody's Investors Service said it assigned an A1 rating to Intel Corp.’s proposed senior unsecured debt offering, the proceeds of which will be used for general corporate purposes, including pre-funding $3 billion of debt maturities later in 2017.

The outlook remains stable.

Moody’s said the A1 senior unsecured long-term and Prime-1 short-term ratings reflect Intel's leading position in the microprocessor sector with a market share in excess of 95%, and the expectation of modest financial leverage, with adjusted debt to EBITDA likely to remain around 1.5 times.

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