AMD Senior Unsecured Credit Rating Raised to Investment Grade by Moody’s Investors Service

[Pressemitteilung]

<h3 class="spr-ir-news-article-title">Upgraded rating driven by strong execution and financial outlook, including strong free cash flow expectation for 2020 and 2021</h3>
SANTA CLARA, Calif., Sept. 11, 2020 (GLOBE NEWSWIRE) — AMD (NASDAQ:AMD) today announced that the company’s senior unsecured credit rating was raised to investment grade Baa3 by Moody’s Investors Service.

“Our focus on roadmap execution and financial discipline during the last five years has created a solid foundation for long-term growth,” said Devinder Kumar, senior vice president, CFO and Treasurer, AMD. “We are pleased with this upgrade from Moody’s, which reflects our strong financial performance and outlook for continued growth and significant cash generation.”

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