S&P Global Ratings upgraded NVIDIA Corp. to “A” from “A-” with a stable outlook.
S&P sees NVIDIA’s sustainable competitive advantages and leading positions in end markets support continued above-semiconductor industry growth over the intermediate-term.
S&P also raised all issue-level ratings on the company’s outstanding debt to ‘A’ and raised the short-term rating to ‘A-1’ from ‘A-2’.
By Anusuya Lahiri
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