NEW YORK (Standard&Poor's) Feb. 20, 2008--Standard&Poor's Ratings Services said today that its ratings on San Jose, Calif.-based Sanmina-SCI Corp. (B+/Negative/--) are not affected by the company's announcement that it has exited the PC business. Sanmina has reached an agreement to sell certain of its PC-related assets to a subsidiary of Hon Hai Precision Industry Co. Ltd. (A-/Stable/--) and to transfer responsibility of its Monterrey, Mexico operation to Lenovo Group Ltd. Proceeds from the sale are expected to total about $90 million. Although Sanmina has made some progress in reducing debt and improving profitability, the company remains leveraged, with adjusted debt to EBITDA at about 6.5x in the trailing 12 months ended Dec. 31, 2007. In addition,
