S&P Global downgrades Intel’s credit rating on slow recovery, management changes

The chipmaking icon’s revenue for the first nine months of this year, which was roughly flat year-on-year at $38.84 billion, was below the ratings agency’s expectations, S&P Global said. The departure of CEO Pat Gelsinger, who was critical to the Intel’s integrated manufacturing strategy, also adds uncertainty to the execution of the company’s turnaround plan, S&P Global said. finance.yahoo.com/news/p-global-downgrades-intels-credit-230638132.html