OREANDA-NEWS. S&P Global Ratings today assigned its 'BBB-' issue-level rating to Santa Clara, Calif.-based semiconductor firm NVIDIA Corp.'s senior unsecured notes.

Our corporate credit rating on NVIDIA remains 'BBB-' with a positive outlook. Our ratings reflect the company's success in maintaining a significant technological advantage in graphics processing unit (GPU) design and its track record of double-digit revenue growth from both core gaming end markets and adjacent applications in data center acceleration and automotive infotainment platforms. Our positive outlook reflects our expectation that NVIDIA's sustainable competitive advantages and leading positions in rapidly growing end markets will support further revenue growth and business diversification.