Moody's Investors Service (Moody's) upgraded the senior unsecured rating of NVIDIA Corporation (NVIDIA) to A2 and short term rating to Prime-1 following the company's announcement that it has agreed to acquire Arm Limited (unrated) for approximately $40 billion from SoftBank Group Corp. (SBG) and the SoftBank Vision Fund. The upgrade reflects Moody's "expectations that NVIDIA will continue its strong operating performance and further diversify its revenue base while maintaining conservative financial policies and practices", said Moody's lead analyst, Richard Lane. Read More...
Moody’s Investors Service (Moody’s) upgraded the senior unsecured rating of NVIDIA Corporation (NVIDIA) to A2 and short term rating to Prime-1 following the company’s announcement that it has agreed to acquire Arm Limited (unrated) for approximately $40 billion from SoftBank Group Corp. (SBG) and the SoftBank Vision Fund. The upgrade reflects Moody’s “expectations that NVIDIA will continue its strong operating performance and further diversify its revenue base while maintaining conservative financial policies and practices”, said Moody’s lead analyst, Richard Lane.
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