Broadcom’s Strategic Shifts Earn Credit Rating Upgrades Amid AI Boom

Broadcom Inc. is receiving significant validation from major credit rating agencies as it advances its integration of VMware and capitalizes on the sustained artificial intelligence boom. Within a matter of days, two prominent agencies revised their outlooks upward for the technology giant, signaling growing confidence in its financial health and strategic direction.

The positive reassessments commenced on September 22, when Fitch Ratings elevated Broadcom to ‘BBB+’ with a positive outlook. The agency cited the company’s strong momentum in artificial intelligence and an improved financial leverage position. This move was quickly preceded by a similar action from S&P Global, which upgraded Broadcom to ‘A-‘. S&P analysts project that Broadcom’s adjusted debt-to-EBITDA ratio will decline to 1.2x in fiscal year... Read more...