HONG KONG (Standard&Poor's) March 25, 2010--Standard&Poor's Ratings Services said today that it had assigned its 'B+' local and foreign currency long-term issuer credit ratings to MagnaChip Semiconductor LLC (MagnaChip). The outlook on the long-term rating is stable. At the same time, Standard&Poor's assigned its 'B+' rating to MagnaChip's proposed US$250 million senior unsecured bonds. The rating is subject to final documentation on the bonds. MagnaChip Semiconductor S.A. and MagnaChip Semiconductor Finance Co. will be co-issuers under the new senior unsecured bonds. The ratings on MagnaChip reflect its exposure to the highly competitive and fragmented market for nonmemory semiconductors, weak market positions, and concentrated customer base. At the same time, the ratings are supported by
