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[QUOTE="Munyaradzi Mafaro, post: 56170, member: 636"]
Fitch Ratings lowered Intel's long-term debt rating from BBB+ to BBB, placing the semiconductor company just two levels above junk status. The credit agency assigned a negative outlook, signaling potential future downgrades. Moody's and S&P Global implemented similar reductions during 2024. BBB represents the final tier of investment-grade ratings according to Fitch's classification system. The agency maintained Intel's F2 short-term debt rating.

Intel faces mounting financial pressures as EBITDA leverage reached 5.0x at year-end 2024. The company projects improvements to 4.0x in 2025 and 2.5x by 2027 through aggressive cost reductions. Operating expenses will decrease from $19.4 billion in 2024 to $17 billion in 2025 and $16 billion in 2026. CEO Lip-Bu Tan leads turnaround efforts focusing on advanced manufacturing processes and x86 ecosystem revitalization. Intel continues workforce reductions of 15 percent while closing facilities in Germany and Poland.
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