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Fitch Upgrades Dell's IDR to 'BB'; Outlook Positive

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has upgraded the long-term Issuer Default Rating (IDR) of Dell, Inc. (Dell) and its direct wholly-owned subsidiary, Dell International Inc. (Dell International), to 'BB' from 'BB-'. A full list of rating actions follows at the end of this release. The Rating Outlook is revised to Positive from Stable. KEY RATINGS DRIVERS Dell's ratings and Outlook reflect: --Dell's use of free cash flow (FCF) to repay debt and Fitch's expectations for core leverage to fal

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