MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable - S&P Credit Research

MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable

1382 words — Published Apr 15, 2013
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Abstract:

We expect MagnaChip to improve its operating performance over the next 12 months mainly due to steady growth in demand and good relationships with its key customers. We also expect the company to sustain its prudent financial policies over the next one to two years. We are raising our long-term corporate credit and debt ratings on MagnaChip to 'BB-' from 'B+'. The stable outlook reflects our expectation that the company will maintain its stable financial risk profile over the next one to two years. HONG KONG (Standard&Poor's) April 15, 2013--Standard&Poor's Ratings Services today said that it has raised its long-term corporate credit and debt ratings on Korea-based nonmemory chipmaker MagnaChip Semiconductor Corp. (MagnaChip) to 'BB-' from

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF MagnaChip Semiconductor Upgraded To '##-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable Publication date: 15-Apr-2013 Primary Credit Analyst: JunHong Park, Hong Kong...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Semiconductors (45301020)
Sector
Global Issuers
Country
Region
Emerging Markets
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MLA:
S&P Credit Research. "MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable" Apr 15, 2013. Alacra Store. Apr 24, 2014. <http://www.alacrastore.com/s-and-p-credit-research/MagnaChip-Semiconductor-Upgraded-To-BB-On-Improving-Operating-Performance-Prudent-Financial-Policies-Outlook-Stable-1116227>
  
APA:
S&P Credit Research. (). MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable Apr 15, 2013. New York, NY: Alacra Store. Retrieved Apr 24, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/MagnaChip-Semiconductor-Upgraded-To-BB-On-Improving-Operating-Performance-Prudent-Financial-Policies-Outlook-Stable-1116227>
  
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