Home Credit Ratings and Research S&P Global Ratings’ Credit Research MagnaChip Semiconductor Corp.

MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable

Published Apr 15, 2013

1379 words — Published Apr 15, 2013

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Abstract:

We expect MagnaChip to improve its operating performance over the next 12 months mainly due to steady growth in demand and good relationships with its key customers. We also expect the company to sustain its prudent financial policies over the next one to two years. We are raising our long-term corporate credit and debt ratings on MagnaChip to 'BB-' from 'B+'. The stable outlook reflects our expectation that the company will maintain its stable financial risk profile over the next one to two years. HONG KONG (Standard&Poor's) April 15, 2013--Standard&Poor's Ratings Services today said that it has raised its long-term corporate credit and debt ratings on Korea-based nonmemory chipmaker MagnaChip Semiconductor Corp. (MagnaChip) to 'BB-' from

Brief Excerpt:

RESEARCH MagnaChip Semiconductor Upgraded To '##-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable Publication date: 15-Apr-2013 Primary Credit Analyst: JunHong Park, Hong Kong (852) 2533-3538; junhong_park@standardandpoor...

Report Type:

Ratings Action

Ticker

Issuer

MagnaChip Semiconductor Corp.

GICS

Semiconductors (45301020)

Sector

Global Issuers

Country

Korea

Region

Emerging Markets

Format:

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MagnaChip Semiconductor's Proposed Senior Unsecured Notes Rated 'BB-' – 2013/07/15 – US$ 150.00

Bulletin: MagnaChip Semiconductor Ratings Not Affected By Delayed Financial Statements Filing – 2014/03/14 – Free

MagnaChip Outlook To Negative On Delay In Financial Reporting And Proposed Restatements; Ratings Affirmed – 2014/05/13 – US$ 150.00

Research Update: MagnaChip Outlook To Negative On Delay In Financial Reporting And Proposed Restatements; Ratings Affirmed – 2014/05/13 – US$ 225.00

MagnaChip Downgraded To 'B+' On Weak Governance; Outlook Negative – 2014/08/27 – US$ 150.00

Research Update: MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable – 2013/04/15 – US$ 225.00

Summary: MagnaChip Semiconductor Corp. – 2012/10/09 – US$ 225.00

MagnaChip Semiconductor Corp. – 2012/04/30 – US$ 500.00

Summary: MagnaChip Semiconductor Corp. – 2012/04/30 – US$ 225.00

Summary: MagnaChip Semiconductor Corp. – 2011/10/31 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable" Apr 15, 2013. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/MagnaChip-Semiconductor-Upgraded-To-BB-On-Improving-Operating-Performance-Prudent-Financial-Policies-Outlook-Stable-1116227>

APA:	S&P Global Ratings’ Credit Research. (). MagnaChip Semiconductor Upgraded To 'BB-' On Improving Operating Performance, Prudent Financial Policies; Outlook Stable Apr 15, 2013. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/MagnaChip-Semiconductor-Upgraded-To-BB-On-Improving-Operating-Performance-Prudent-Financial-Policies-Outlook-Stable-1116227>

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