"The downgrade of the ratings reflects our expectations for Intel's significantly weaker profitability over the next 12 to 18 months," Moody's said. Intel currently has a total debt-to-EBITDA ratio of 4.35 for the last 12 months, according to LSEG data.
On Thursday, benchmark indices dropped nearly 1% after the Reserve Bank decided to keep the policy rate steady. Analyst Kushal Gandhi advised existing investors to hold Symphony, which surged 10.35%. However, he suggested caution for Apollo Tyres and Shree Cement, which experienced declines of 1.48% and 3.66%, respectively.
