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S&P: Nvidia off watch
Standard & Poor's said it removed its ratings on Nvidia Corp. from CreditWatch, where they were placed with negative implications on Aug. 15.
The corporate credit rating is affirmed at BB-, S&P said.
The outlook is stable.
According to the agency, the ratings actions follow the company's delayed filing of its 10-Q for the quarter ended July 30.
The company is in full compliance with all SEC filing requirements, the agency added, noting that the ratings on Nvidia reflect a narrow business profile, challenging competitive landscape and frequent product introductions.
These are only partly offset by the company's good technology position in high performance graphics markets and its good liquidity, S&P said.
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