It affirmed Intel's Prime-2 short-term commercial paper rating. The downgrade, coupled with a change in outlook to negative, highlighted the pressure on...
- Moody's downgraded Intel 's senior unsecured rating on Thursday to BAA1 from its earlier A3 rating, citing concerns about the chipmaker's profitability.
"The downgrade of the ratings reflects our expectations for Intel's significantly weaker profitability over the next 12 to 18 months," Moody's said.It expects Intel's total ratio of debt to interest, taxes, depreciation, and amortization to "approach 7x" by the end of 2024 and return to 4x by 2025. EDMONTON — The main east-west highway through Jasper National Park is expected to reopen to all traffic Friday -- the first time since a wildfire forced 25,000 people to flee more than two weeks ago.
Caleb Harris’ Family Claims Death Was 'Not an Accident,' Though Police Say They Have No Evidence of Foul Play
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