LONDON (Standard&Poor's) Aug. 7, 2006--Standard&Poor's Ratings Services said today it revised its outlook on Dutch diversified technology group Koninklijke Philips Electronics N.V. (Philips) to positive from stable. This follows Philips' announcement of details of the divestment of an 80.1% stake in its Semiconductors unit to a private-equity consortium for net proceeds of €6.4 billion. At the same time, Standard&Poor's affirmed all its ratings on the group, including the 'A-/A-2' corporate credit ratings. Philips' total lease- and pension-adjusted debt was €5.5 billion at June 30, 2006. The outlook revision reflects our expectation that there will be an incremental improvement in the group's business risk profile as a result of the divestment. There is also potential
