S&P upgrades KLA to ’A’ as AI chip demand bolsters scale and balance sheet By Investing.com
AI-generated summary S&P Global Ratings raised its credit ratings on KLA Corporation to 'A' from 'A-' due to growing operational scale driven by artificial intelligence infrastructure and disciplined balance-sheet management. S&P Global Ratings expects the rating action and sustained capital deployment to lift KLA Corporation top-line revenue by nearly 39% in fiscal 2027 and another 17% in fiscal 2028.