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S&P downgrades Intel's credit rating due to slow business recovery and management changes.
S&P Global Ratings has downgraded Intel's credit rating from 'BBB+' to 'BBB', citing slow business recovery and uncertainties due to recent management changes, including the departure of CEO Pat Gelsinger.
Intel's revenue for the first nine months was $38.84 billion, missing expectations.
Despite the downgrade, S&P maintains a "stable" outlook, anticipating growth after a modest recovery next year.
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S&P rebaja la calificación crediticia de Intel debido a los lentos cambios en la recuperación y gestión de las empresas.