Moody's: Intel unaffected

Moody's Investor's service said Intel Corp.'s announcement that its board authorized an additional $10 billion stock repurchase plan will not affect the company's A1 long-term and Prime-1 short-term debt ratings or stable outlook.

According to Moody's, Intel announced that its board authorized an additional $10 billion in addition to the $4.2 billion that remained under its share repurchase program as of the end of September.

The agency said it believes Intel's share repurchase activity will be executed within the company's free cash flow generation while balance sheet liquidity remains robust through 2012.

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