Fixed Income Information

Dell's Credit Ratings

(as of August 14, 2026)

Standard & Poor's

Outlook: Stable
Rating Class Rating
LT Corp Family BBB+
Senior Unsecured BBB+
Legacy Notes* BBB+
S&P Global Rating Definitions

Moody's

Outlook: Positive
Rating Class Rating
LT Corp Family Baa2
Senior Unsecured Baa2
Legacy Notes* Baa3
Moody’s Rating Definitions

Fitch

Outlook: Stable
Rating Class Rating
LT Corp Family BBB+
Senior Unsecured 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.