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Fitch Affirms Intel at 'A+/F1' on Altera Acquisition; Outlook Stable

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CHICAGO--(BUSINESS WIRE)--Fitch Ratings has affirmed the ratings for Intel Corporation (Intel), including the long-term Issuer Default Rating (IDR) of 'A+' and short-term IDR of 'F1', following Intel's announcement it will acquire Altera Corporation (Altera) for $16.7 billion in cash. Fitch's actions affect $13.2 billion of debt, excluding incremental debt issuance to fund the vast majority of the Altera acquisition. The Rating Outlook is Stable. A full list of ratings follows at the end of thi

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