Fitch affirms Broadcom at ’A-’ with positive outlook despite AI backstop risks

Investing.com -- Fitch Ratings affirmed Broadcom Inc (NASDAQ:AVGO) Long-Term Issuer Default Rating at 'A-' on Tuesday while maintaining a Positive outlook, signaling that surging artificial intelligence demand continues to strengthen the chipmaker’s balance sheet despite expanding exposure to off-balance-sheet financing arrangements. The agency indicated that strong cash generation and operating momentum should keep core EBITDA leverage below its 1.5x upgrade threshold, even as complex customer