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Intel's credit rating downgraded by Fitch on demand challenges

  • Fitch downgraded Intel's credit rating to BBB from BBB-plus, reflecting a negative outlook on Monday.
  • The downgrade reflects Fitch's view that Intel struggles to maintain product demand amid increasing competition from companies like NXP Semiconductors and Advanced Micro Devices.
  • Fitch noted that Intel must increase PC shipments and reduce debt to recover its credit ratings over the next 12-14 months.
  • Despite challenges, Fitch acknowledged that Intel has a solid liquidity profile with $21.2 billion in cash and investments as of June 28.
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Business Times broke the news in on Monday, August 4, 2025.
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