On August 17, local time, Fitch confirmed Intel's long-term issuer default rating and senior unsecured debt rating as “BBB”, short-term issuer default rating and commercial paper rating as “F2,” and adjusted the rating outlook from “negative” to “stable.” Fitch said Intel has made progress in implementing the technology and product roadmap, and operating performance is better than expected. Intel recently completed $23 billion equity financing to support increased capital expenditure to meet strong demand. Fitch expects the company to begin reducing net debt in 2027 and reduce the EBITDA leverage ratio to less than 2.5 times within the next 12 months.

On August 17, local time, Fitch confirmed Intel's long-term issuer default rating and senior unsecured debt rating as “BBB”, short-term issuer default rating and commercial paper rating as “F2,” and adjusted the rating outlook from “negative” to “stable.” Fitch said Intel has made progress in implementing the technology and product roadmap, and operating performance is better than expected. Intel recently completed $23 billion equity financing to support increased capital expenditure to meet strong demand. Fitch expects the company to begin reducing net debt in 2027 and reduce the EBITDA leverage ratio to less than 2.5 times within the next 12 months.