Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus - S&P Global Ratings’ Credit Research

Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus

Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus - S&P Global Ratings’ Credit Research
Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus
Published Mar 13, 2020
2 pages (1236 words) — Published Mar 13, 2020
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Abstract:

NEW YORK (S&P Global Ratings) March 13, 2020--S&P Global Ratings said today that Broadcom Inc.'s 2020 leverage will likely remain in line with our 'BBB-' issuer credit rating and stable outlook despite increasing top-line uncertainty and risks associated with the coronavirus. The firm's revocation of previously issued fiscal year 2020 guidance also has no impact on the rating. Broadcom reported revenues of $5.9 billion in the first quarter of fiscal 2020, broadly in line with our expectations. However, the company withdrew previous guidance for $25 billion of revenue for the full year, citing reduced visibility associated with risks related to the coronavirus pandemic. The company guided to $5.7 billion of revenue in the second quarter, plus or minus $150 million,

  
Report Type:

Bulletin

Ticker
Issuer
GICS
Semiconductors (45301020)
Sector
Global Issuers
Country
Region
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus" Mar 13, 2020. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Broadcom-Inc-s-Leverage-Will-Likely-Remain-In-Line-With-Current-Ratings-Despite-Uncertainty-From-Coronavirus-2397117>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Broadcom Inc.'s Leverage Will Likely Remain In Line With Current Ratings Despite Uncertainty From Coronavirus Mar 13, 2020. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Broadcom-Inc-s-Leverage-Will-Likely-Remain-In-Line-With-Current-Ratings-Despite-Uncertainty-From-Coronavirus-2397117>
  
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