Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings - S&P Global Ratings’ Credit Research

Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings

Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings - S&P Global Ratings’ Credit Research
Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings
Published Nov 14, 2017
3 pages (1134 words) — Published Nov 14, 2017
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Abstract:

SAN FRANCISCO (S&P Global Ratings) Nov. 14, 2017--S&P Global Ratings assigned its 'A-2' short-term corporate credit and commercial paper (CP) ratings to Lam Research Corp. Our corporate credit rating on Lam remains 'BBB+' with a stable outlook. We estimate Lam will have full borrowing availability under its $1.25 billion revolving credit facility maturing in 2022 once the company launches its CP program. The 'A-2' short-term and CP rating reflects our 'BBB+' corporate rating on Lam Research Corp. RELATED CRITERIA Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, Sept. 21, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate

  
Brief Excerpt:

...SAN FRANCISCO (S&P Global Ratings) Nov. 14, 2017--S&P Global Ratings assigned its 'A-2' short-term corporate credit and commercial paper (CP) ratings to Lam Research Corp. Our corporate credit rating on Lam remains '###+' with a stable outlook. We estimate Lam will have full borrowing availability under its $1.25 billion revolving credit facility maturing in 2022 once the company launches its CP program. The 'A-2' short-term and CP rating reflects our '###+' corporate rating on Lam Research Corp. RELATED CRITERIA + Criteria - Corporates - General: Reflecting Subordination Risk In Corporate Issue Ratings, Sept. 21, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term Ratings , April 7, 2017 + Criteria - Corporates - General: Methodology And Assumptions: Liquidity Descriptors For Global Corporate Issuers, Dec. 16, 2014 + General Criteria: Group Rating Methodology, Nov. 19, 2013 + Criteria - Corporates - Industrials: Key Credit Factors For The Technology Hardware And Semiconductors...

  
Report Type:

Ratings Action

Ticker
LRCX
Issuer
Lam Research Corp.
GICS
Semiconductor Equipment (45301010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings" Nov 14, 2017. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Lam-Research-Corp-Is-Assigned-A-2-Short-Term-And-Commercial-Paper-Ratings-1949437>
  
APA:
S&P Global Ratings’ Credit Research. (). Lam Research Corp. Is Assigned 'A-2' Short-Term And Commercial Paper Ratings Nov 14, 2017. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Lam-Research-Corp-Is-Assigned-A-2-Short-Term-And-Commercial-Paper-Ratings-1949437>
  
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