Fixed Income Information
Dell's Credit Ratings
(as of November 1, 2021)
Standard & Poor's
Outlook: Stable
| Rating Class | Rating |
| LT Corp Family | BBB |
| Senior Unsecured | BBB |
| Senior Secured | BBB |
| Legacy Notes* | BBB |
| S&P Global Rating Definitions |
Moody's
Outlook: Positive
| Rating Class | Rating |
| LT Corp Family | Baa3 |
| Senior Unsecured | Baa3 |
| Senior Secured | Baa3 |
| Legacy Notes* | Ba1 |
| Moody’s Rating Definitions |
Fitch
Outlook: Stable
| Rating Class | Rating |
| LT Corp Family | BBB |
| Senior Unsecured | BBB |
| Senior Secured | BBB |
| Legacy Notes* | BBB- |
| Fitch Rating Definitions |
* NOTE: Legacy notes are notes issued by Dell Inc. prior to the LBO and notes issued by EMC Corp. prior to the Dell | EMC transaction. Moody’s Legacy Notes rating only refers to the legacy Dell notes.