TEXT-Fitch assigns Intel initial 'A+' IDR, outlook is stable
December 04, 2012 at 11:33 AM EST
Dec 4 - Fitch Ratings has assigned an initial Issuer Default Rating (IDR) of 'A+' and short-term IDR of 'F1' to Intel Corporation. Fitch also assigned an 'A+' rating to the company's proposed offering of senior unsecured notes. Fitch expects that proceeds from the notes will be used for general corporate purposes including investments in capital expenditures, share repurchases and potential acquisitions. As the leading provider of microprocessors for PCs and servers worldwide, Intel is one of t