...July 7, 2025 SAN FRANCISCO (S&P Global Ratings) July 7, 2025--S&P Global Ratings today assigned its '###+' issue-level rating to Broadcom Inc.'s proposed senior unsecured notes. The firm intends to use the proceeds from these notes for general corporate purposes, including repayment of debt. Our '###+' issuer credit rating and positive outlook on Broadcom are unchanged. On Jan. 13, 2025, we upgraded Broadcom to '###+' with a positive outlook from '###' primarily due to its growing and sustainable AI business and solid progress in its integration of VMware Inc. Despite the macroeconomic uncertainty and tariff overhang, Broadcom continues to outperform its technology peers. The company reported 22% year-over-year increase in revenues in the first half of fiscal 2025 (ended May 4, 2025) with AI revenues growing 60% year over year. We expect continued momentum in the second half of fiscal 2025 with strong demand for Broadcom's custom Application-Specific Integrated Circuit (ASIC) and AI networking...
