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Published on 1/9/2023 in the Prospect News Bank Loan Daily and Prospect News Investment Grade Daily.

S&P assigns Dell notes BBB

S&P said it rated Dell International LLC’s new senior unsecured notes with EMC Corp. as co-borrower, BBB. Dell International and EMC are units of Dell Technologies Inc.

The agency upgraded Dell’s ratings to BBB from BB+ on Sept.29, 2021.

The company will use the proceeds to repay its 5.45% senior notes due 2023 and for general corporate purposes, including to repay other debt.

The outlook is stable.


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