TOKYO (Standard&Poor's) June 13, 2005--Standard&Poor's Ratings Services today assigned its 'B+' rating to Hynix Semiconductor Inc.'s (B+/Stable/--) proposed Floating Rate Senior Notes due 2012, and Senior Notes due 2015. The size of the issuances is expected to total US$750 million. The ratings on the senior unsecured debt are subject to final documentation. "The rating on Hynix reflects positive expectations for the normalization of the company's operations following the early end to the workout plan, in addition to its greatly improved debt maturity profile upon refinancing of bank debt. Also, Hynix has a solid position in the dynamic random access memory (DRAM) industry and a good cost position," said Standard&Poor's analyst Eun Jin Kim. "However,
