Moody’s gives 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 to fund the exchange offers of senior unsecured notes.

The outlook remains stable.

“Intel's A1 senior unsecured long term and Prime-1 short term rating reflect its leading position in the microprocessor sector with a market share in excess of 90%, and the expectation of modest financial leverage, with adjusted debt to EBITDA likely to remain around 1.5x,” Moody’s said in a news release.

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