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January 8, 2013
10:42 EDTAMDAMD downgraded to B from BB- by S&P, outlook Stable
Standard & Poor's Rating Services lowered its corporate credit and senior unsecured ratings on Advanced Micro Devices to 'B' from 'BB-'. At the same time, it removed the ratings from CreditWatch, where it had placed them with negative implications on Oct. 12, 2012. "The downgrade reflects our expectation for continued revenue and earnings declines resulting in leverage exceeding 7x over the coming year because of weak PC industry demand prospects and intense competition from industry peers, including Intel," said Standard & Poor's credit analyst John Moore.
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September 2, 2014
06:34 EDTAMDStocks with implied volatility above IV index mean; AMD YHOO
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