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

To: xun who wrote (112684)	5/25/2000 12:24:00 PM
From: Chung Lee	Respond to of 1570913

NEW YORK -(Dow Jones)- Standard & Poor's Wednesday revised its outlook on Advanced Micro Devices Inc. (AMD) to positive from stable. At the same time, Standard & Poor's affirmed its ratings on AMD. "The outlook revision is based on indications that the company has strengthened its product line, and that recently improved financial results may be sustainable. "The ratings on AMD reflect the challenges the company faces in executing its business plan in a very competitive market. Sunnyvale, Calif.-based AMD manufactures personal computer microprocessors and flash memory chips," the ratings agency said. OUTLOOK: POSITIVE "Good operating results at the Dresden (Germany) factory and sustained financial performance near recent levels could lead to higher ratings," S&P's said. RATINGS AFFIRMED RATING Advanced Micro Devices Inc. Corporate credit rating B Senior secured debt B Subordinated debt CCC+ Bank loan B+ (This story was originally published by Dow Jones Newswires) Copyright (c) 2000 Dow Jones & Company, Inc. All Rights Reserved