S&P reduces Western Digital credit outlook on soft smartphone, PC demand

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S&P reduces Western Digital credit outlook on soft smartphone, PC demand
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Western Digital Corp. shares slipped Friday as the data-storage device company’s outlook was reduced by S&P Global Ratings, which held onto its “BB” issuer...

Western Digital Corp. WDC shares slipped Friday as the data-storage device company’s outlook was reduced by S&P Global Ratings, which held onto its “BB” issuer credit rating. S&P reduced Western Digital’s outlook to negative from stable reflecting “increased risk of a downgrade” over the next 12 months.

... Western Digital Corp. WDC shares slipped Friday as the data-storage device company’s outlook was reduced by S&P Global Ratings, which held onto its “BB” issuer credit rating. S&P reduced Western Digital’s outlook to negative from stable reflecting “increased risk of a downgrade” over the next 12 months.

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