HONG KONG (Standard&Poor's) Oct. 30, 2008--Standard&Poor's Ratings Services today revised to negative from stable the outlook on its long-term corporate credit rating on Korea-based Hynix Semiconductor Inc. (Hynix), reflecting the current challenging market situation and increasing uncertainty in the memory semiconductor market. At the same time, Standard&Poor's affirmed its 'BB-' long-term corporate credit rating and long-term senior unsecured debt ratings on the company. The revision of the outlook to negative reflects the company's weak operating performance and the increasing uncertainty over its prospects for a future earnings recovery. Industry conditions in the DRAM and NAND flash markets, where the company generated 77 % and 23 %, respectively, of its revenue during the third quarter
