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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: niceguy767 who wrote (91114)	2/2/2000 3:11:00 PM
From: zax	Respond to of 1574302

Advanced Micro Devices Outlook Now Stable, Says S&P Wednesday, February 2, 2000 02:28 PM NEW YORK (Dow Jones)--Standard & Poor's said it revised its outlook on Advanced Micro Devices Inc. to stable from negative. Also, S&P said it affirmed its ratings on Advanced Micro Devices Inc. S&P said the outlook revision recognizes the company's "improved manufacturing performance during the past few quarters, as well as expectations that the company can continue to deliver future versions of its Athlon microprocessor from both its U.S. and German factories. "The ratings on Advanced Micro Devices Inc. reflect the challenges the company faces in executing its business plan in a very competitive market. "The company's recent operating performance has somewhat alleviated concerns about its ability to execute its technologically challenging manufacturing plans, although the track record is still quite brief. The company continues to face stringent operational challenges in an unforgiving competitive environment," S&P said. RATINGS AFFIRMED RATING - Advanced Micro Devices Inc. Corporate credit rating B Senior secured debt B Subordinated debt CCC+ Bank loan B+