Netherlands-based diversified technology group Koninklijke Philips Electronics N.V. (Philips) reported weak operating profits in the third quarter and the first nine months of 2011. We have revised our assessment of Philip's business risk profile to "satisfactory" from "strong" under our criteria, reflecting the group's weaker profitability margin. We are affirming our 'A-/A-2' long- and short-term ratings on Philips. The stable outlook reflects our view of Philip's "modest" financial risk profile, with key credit metrics that will likely remain above levels we consider commensurate with the current ratings. MILAN (Standard&Poor's) Oct. 25, 2011--Standard&Poor's Ratings Services said today that it affirmed its 'A-/A-2' long- and short-term corporate credit ratings on Netherlands-based diversified technology group Koninklijke Philips Electronics N.V.
