S&P Global Ratings upgraded Micron Technology to BBB+ with a positive outlook, marking the latest in a series of credit rating improvements for the memory chipmaker throughout 2026. S&P had already upgraded Micron from BBB- to BBB in February 2026, followed by Fitch Ratings elevating the company to BBB+ in May. Micron, one of three major global manufacturers of DRAM and NAND memory chips, has positioned itself as a leading supplier of high-bandwidth memory for AI accelerators. AI product demand served as the primary catalyst for growth in fiscal Q1 2026. This improved rating will allow Micron to borrow at lower interest rates and access new pools of capital from institutional investors with higher-rated bond mandates. The strengthened credit profile gives Micron greater financial flexibility to invest in next-generation manufacturing capacity against competitors Samsung and SK Hynix.
Source: Read the original article
