TOKYO (Standard&Poor's) June 11, 2007--Standard&Poor's Ratings Services today raised to 'BB-' from 'B+' its long-term corporate credit rating on Hynix Semiconductor Inc. (Hynix). The outlook on the long-term corporate credit rating is stable. Also, Standard&Poor's raised the rating on Hynix's senior unsecured notes to 'BB-' from 'B+'. At the same time, the long-term corporate credit rating on Hynix Semiconductor Manufacturing America Inc. was withdrawn as its secured notes were fully repaid. The upgrade reflects Hynix's improving market position in the DRAM (second globally) and NAND flash (third globally) industries, based on its strong design capability and proven process technology. The upgrade also reflects the company's strong operating performance over the past few years and
