Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers N > Headlines for Nvidia Corp. > News item |
S&P assigns BBB- to Nvidia revolver
S&P said it assigned its BBB- issue-level rating to Nvidia Corp.'s $575 million senior unsecured revolving credit facility.
Nvidia’s corporate credit rating remains BBB- with a positive outlook.
S&P said the ratings reflect the company's success in maintaining a significant technological advantage in graphics processing unit (GPU) design and its track record of double-digit revenue growth from both core gaming end markets and adjacent applications in data center acceleration and automotive infotainment platforms.
The positive outlook reflects the agency’s expectation that Nvidia’s sustainable competitive advantages and leading positions in rapidly growing end markets will support further revenue growth and business diversification.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.