We use cookies to improve your experience. By using BondbloX, you agree to our use of cookies.
Bond Market News
Dell Upgraded to BBB+ by S&P
June 2, 2026
Dell Technologies was upgraded to BBB+ from BBB by S&P. The rating agency noted that Dell’s Q1 performance was strong, driven by broad-based demand across AI, traditional infrastructure, and client devices. Demand materially exceeded because of constraints in memory and CPUs. Its AI server revenue grew 8.5x to over $16bn. Revenue from traditional servers and networking grew 92%. Besides, the rating action also reflected Dell’s strengthened market position and financial metrics. Dell is said to have a good cushion to S&P’s 2x downgrade threshold. It added that leverage finished at 0.7x at the end of fiscal 2026, and is expected to fall to 0.2x by the end of the year, with reported free cash flow in the $8bn area. S&P projects that Dell will sustain its adjusted total debt-to-EBITDA leverage well within investment-grade thresholds, leveraging its solid liquidity profile.
Dell’s bonds traded stable with its 4.35% 2030s at 99.88, yielding 4.38%.
Go back to Latest bond Market News
Related Posts:
Sinopec Returns to the Dollar Bond Market for a Second Time in 2017
September 13, 2017
S&P Upgrades Yanlord by One Notch to ‘BB’
March 16, 2018
Our Awards
BondbloX Pte. Ltd. is regulated by the Monetary Authority of Singapore as a Recognised Market Operator ("RMO") and exempted from Section 49(1) of the Securities and Futures Act (Cap. 289) ("SFA") under Section 49(7) of the SFA.