Moody’s upgrades TSMC rating to Aa2 on booming AI demand and market dominance

Investing.com -- Moody's Ratings upgraded Taiwan Semiconductor Manufacturing Co's (NYSE:TSM) issuer rating to Aa2 from Aa3 on Wednesday, citing the foundry giant's dominant market share and persistent demand for artificial intelligence applications. The rating agency also raised its outlook to stable from positive while upgrading senior unsecured ratings across TSMC’s financing subsidiaries.