Fitch: Texas Instruments view stable

Fitch Ratings said it affirmed the ratings for Texas Instruments Inc. and revised the rating outlook to stable from negative.

The actions affect roughly $7.2 billion of total debt, including the company's undrawn revolving credit facility.

Fitch said the ratings and outlook reflect Texas Instruments' resumption of revenue growth and profitability expansion, which should enable the company to meet Fitch's expectations for operating profit, free cash flow and credit protection measures through at least the near term.

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