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April 15, 1994

CREDIT RATINGS

By CBR Staff Writer

Advanced Micro Devices Inc continues to earn Standard & Poor’s Corp’s favour and the ratings agency has affirmed at B the $173m of convertible exchangeable preferred stock of the chipmaker, saying that the ratings reflect its continued good profitability, liquid balance sheet, and moderate product line diversity, offset by aggressive microprocessor market conditions and the presence of significantly stronger competition – IBM Corp can now be added.

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