Moody's Raises Micron Rating Citing Customer Contracts and AI-Driven Memory Demand
Moody's upgraded Micron Technology's senior unsecured notes to Baa1 from Baa2 with a stable outlook, citing enhanced visibility from strategic customer agreements and structural changes in DRAM and NAND markets driven by artificial intelligence demand. Micron expects at least half of revenue to be covered by take-or-pay commitments. The company rep…